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Serco Group (LSE:SRP) Cash And Cash Equivalents : £142 Mil (As of Jun. 2024)


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What is Serco Group Cash And Cash Equivalents?

Serco Group's quarterly cash and cash equivalents declined from Jun. 2023 (£98.70 Mil) to Dec. 2023 (£94.40 Mil) but then increased from Dec. 2023 (£94.40 Mil) to Jun. 2024 (£142.40 Mil).

Serco Group's annual cash and cash equivalents declined from Dec. 2021 (£198.30 Mil) to Dec. 2022 (£55.80 Mil) but then increased from Dec. 2022 (£55.80 Mil) to Dec. 2023 (£94.40 Mil).


Serco Group Cash And Cash Equivalents Historical Data

The historical data trend for Serco 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.

* Premium members only.

Serco Group Cash And Cash Equivalents Chart

Serco Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.50 335.60 198.30 55.80 94.40

Serco Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 178.90 55.80 98.70 94.40 142.40

Serco 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.


Serco Group  (LSE:SRP) 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.


Serco Group Cash And Cash Equivalents Related Terms

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Serco Group Business Description

Traded in Other Exchanges
Address
16 Bartley Wood Business Park, Serco House, Bartley Way, Hook, Hampshire, GBR, RG27 9UY
Serco Group PLC helps governments and public-sector bodies deliver public services. The company generates revenue from four divisions. The U.K. & European local and regional government division provides hospital management welfare, business support operations, and defense services in the U.K. and Europe. The Americas division provides professional, defense, technology, and management services to U.S. and Canadian governments. The Asia-Pacific segment provides frontline services, defense, and citizen services in Australia, New Zealand, and Hong Kong. The Middle East division provides transport, defense, and health services in the Middle East. The company generates its key revenue from the U.K. & Europe divisions.

Serco Group Headlines

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