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Sage Group (The) (Sage Group (The)) Cash And Cash Equivalents : $861 Mil (As of Sep. 2023)


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What is Sage Group (The) Cash And Cash Equivalents?

Sage Group (The)'s quarterly cash and cash equivalents increased from Sep. 2022 ($553.79 Mil) to Mar. 2023 ($697.82 Mil) and increased from Mar. 2023 ($697.82 Mil) to Sep. 2023 ($861.39 Mil).

Sage Group (The)'s annual cash and cash equivalents declined from Sep. 2021 ($759.62 Mil) to Sep. 2022 ($553.79 Mil) but then increased from Sep. 2022 ($553.79 Mil) to Sep. 2023 ($861.39 Mil).

Sage Group (The) Cash And Cash Equivalents Historical Data

The historical data trend for Sage Group (The)'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.

Sage Group (The) Cash And Cash Equivalents Chart

Sage Group (The) Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 459.16 1,076.43 759.62 553.79 861.39

Sage Group (The) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 759.62 678.52 553.79 697.82 861.39

Sage Group (The) 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.

Sage Group (The)  (OTCPK:SGPYY) 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.

Sage Group (The) Cash And Cash Equivalents Related Terms

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Sage Group (The) (Sage Group (The)) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Sage Group (The) PLC (OTCPK:SGPYY) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
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Address
C23 - 5 & 6 Cobalt Park Way, Cobalt Park, Newcastle upon Tyne, GBR, NE28 9EJ
Website
https://www.sage.com
The Sage Group is a U.K.-based provider of accounting and enterprise resource planning, or ERP, software, predominantly to customers in the U.S. and Europe. The company was founded in 1981 and historically sold on-premises software products with perpetual software licenses. However, the company is transitioning toward cloud connected and cloud native products, sold via software-as-a-service, or SaaS, contracts. Sage's main cloud native products include Sage Accounting, for small businesses, and Sage Intacct, which Sage acquired in 2017, for midsize businesses.