Anexo Group (LSE:ANX) Cash And Cash Equivalents : £8.4 Mil (As of Dec. 2023)

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What is Anexo Group Cash And Cash Equivalents?

Anexo Group's quarterly cash and cash equivalents declined from Dec. 2022 (£9.05 Mil) to Jun. 2023 (£7.36 Mil) but then increased from Jun. 2023 (£7.36 Mil) to Dec. 2023 (£8.44 Mil).

Anexo Group's annual cash and cash equivalents increased from Dec. 2021 (£7.56 Mil) to Dec. 2022 (£9.05 Mil) but then declined from Dec. 2022 (£9.05 Mil) to Dec. 2023 (£8.44 Mil).

Anexo Group Cash And Cash Equivalents Historical Data

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

Anexo Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2.27

8.22

7.56

9.05

8.44

Anexo Group Semi-Annual Data
	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										7.56	1.25	9.05	7.36	8.44

Anexo 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.

Anexo Group (LSE:ANX) 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.

Anexo Group Cash And Cash Equivalents Related Terms

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Anexo Group (LSE:ANX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Anexo Group PLC (LSE:ANX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

9QZ:Germany

Address

100 Old Hall Street, 5th Floor, The Plaza, Liverpool, Merseyside, GBR, L3 9QJ

Website

https://www.anexo-group.com

Anexo Group PLC is a specialist integrated credit hire and legal services group focused on providing replacement vehicles and associated legal services to customers who have been involved in a non-fault accident.. The company provides an integrated end to end service to the customer including the provision of a credit hire vehicle, upfront settlement of repair and recovery charges through to the management and recovery of costs and the processing of any associated personal injury claim. The company operates through Credit Hire and Legal Sevices segment, with majority of its revenue coming from the Credit Hire segment.

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