Bakkavor Group (Bakkavor Group) Cash And Cash Equivalents : $46 Mil (As of Dec. 2023)

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What is Bakkavor Group Cash And Cash Equivalents?

Bakkavor Group's quarterly cash and cash equivalents declined from Dec. 2022 ($48.97 Mil) to Jun. 2023 ($31.19 Mil) but then increased from Jun. 2023 ($31.19 Mil) to Dec. 2023 ($46.33 Mil).

Bakkavor Group's annual cash and cash equivalents increased from Dec. 2021 ($41.36 Mil) to Dec. 2022 ($48.97 Mil) but then declined from Dec. 2022 ($48.97 Mil) to Dec. 2023 ($46.33 Mil).

Bakkavor Group Cash And Cash Equivalents Historical Data

The historical data trend for Bakkavor Group's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bakkavor Group Cash And Cash Equivalents Chart

Bakkavor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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33.95

33.33

41.36

48.97

46.33

Bakkavor Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial											41.36	57.02	48.97	31.19	46.33

Bakkavor Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Bakkavor Group (OTCPK:BKKVF) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Bakkavor Group Cash And Cash Equivalents Related Terms

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Bakkavor Group (Bakkavor Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bakkavor Group PLC (OTCPK:BKKVF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

BAKKl:UK BAKK:UK

Address

8 Mortimer Street, Fitzroy Place, 5th Floor, London, GBR, W1T 3JJ

Website

https://www.bakkavor.com

Bakkavor Group PLC manufactures and markets a wide variety of freshly prepared food, covering a range of categories including meals, desserts, pizza & bread and salads. Some of its other products include soups & sauces, bread & dips, food-to-go, salads, fresh-cut salads, sandwiches & wraps, and bakery products. Its customers include grocery retailers as well as international food brands. Its geographical segments are the United Kingdom, United States, and China, of which the most of its revenue comes from the United Kingdom.

Bakkavor Group (Bakkavor Group) Headlines

From GuruFocus

Full Year 2023 Bakkavor Group Plc Earnings Presentation Transcript

By GuruFocus Research • 03-08-2024