SSP Group (LSE:SSPG) Cash And Cash Equivalents : £190 Mil (As of Mar. 2024)

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What is SSP Group Cash And Cash Equivalents?

SSP Group's quarterly cash and cash equivalents declined from Mar. 2023 (£364.60 Mil) to Sep. 2023 (£303.30 Mil) but then stayed the same from Sep. 2023 (£303.30 Mil) to Mar. 2024 (£190.40 Mil).

SSP Group's annual cash and cash equivalents declined from Sep. 2021 (£773.60 Mil) to Sep. 2022 (£543.60 Mil) and declined from Sep. 2022 (£543.60 Mil) to Sep. 2023 (£303.30 Mil).

SSP Group Cash And Cash Equivalents Historical Data

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

SSP Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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233.30

185.00

773.60

543.60

303.30

SSP Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															445.80	543.60	364.60	303.30	190.40

SSP 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.

SSP Group (LSE:SSPG) 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.

SSP Group Cash And Cash Equivalents Related Terms

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SSP Group (LSE:SSPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » SSP Group PLC (LSE:SSPG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SSPPF:USA SSPGl:UK

Address

32 Jamestown Road, London, GBR, NW1 7HW

Website

https://www.foodtravelexperts.com

SSP Group PLC operates food and beverage units in travel locations such as airports and railway stations. Units range from coffee shops and sandwich bars to casual and fine-dining restaurants. Its units operate under more than 300 different brand names, including both proprietary brands and franchised brands, such as Starbucks and Burger King. Its segments include the UK, Continental Europe, North America and the APAC and EEME.

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