Altitude Group (LSE:ALT) Cash And Cash Equivalents : £0.44 Mil (As of Sep. 2023)

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What is Altitude Group Cash And Cash Equivalents?

Altitude Group's quarterly cash and cash equivalents increased from Sep. 2022 (£0.81 Mil) to Mar. 2023 (£1.17 Mil) but then stayed the same from Mar. 2023 (£1.17 Mil) to Sep. 2023 (£0.44 Mil).

Altitude Group's annual cash and cash equivalents declined from Mar. 2021 (£2.10 Mil) to Mar. 2022 (£0.90 Mil) but then increased from Mar. 2022 (£0.90 Mil) to Mar. 2023 (£1.17 Mil).

Altitude Group Cash And Cash Equivalents Historical Data

The historical data trend for Altitude 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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Altitude Group Cash And Cash Equivalents Chart

Altitude Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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1.96

0.42

2.10

0.90

1.17

Altitude Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.75	0.90	0.81	1.17	0.44

Altitude 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.

Altitude Group (LSE:ALT) 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.

Altitude Group Cash And Cash Equivalents Related Terms

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Altitude Group (LSE:ALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altitude Group PLC (LSE:ALT) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

D9E:Germany

Address

32 Eyre Street, 7th Floor, Sheffield City Centre, Sheffield, GBR, S1 4QZ

Website

http://www.altitudeplc.com

Altitude Group PLC operates a technology and information business providing services to the promotional merchandising and print industries across North America and the United Kingdom. The company enables the buyers and sellers of products to interact and trade, through the provision of technology, catalogues, and exhibition services, in the promotional merchandising and printing sectors. Its service portfolio comprises technology services such as cloud and server-based software, website solution, information service solution. It derives mainly of its revenue from North America.