UNITE Group (UNITE Group) Cash And Cash Equivalents : $46.1 Mil (As of Dec. 2023)

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What is UNITE Group Cash And Cash Equivalents?

UNITE Group's quarterly cash and cash equivalents increased from Dec. 2022 ($44.95 Mil) to Jun. 2023 ($82.70 Mil) but then stayed the same from Jun. 2023 ($82.70 Mil) to Dec. 2023 ($46.08 Mil).

UNITE Group's annual cash and cash equivalents declined from Dec. 2021 ($142.82 Mil) to Dec. 2022 ($44.95 Mil) but then increased from Dec. 2022 ($44.95 Mil) to Dec. 2023 ($46.08 Mil).

UNITE Group Cash And Cash Equivalents Historical Data

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

UNITE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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110.49

453.09

142.82

44.95

46.08

UNITE Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															142.82	71.18	44.95	82.70	46.08

UNITE 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.

UNITE Group (OTCPK:UTGPF) 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.

UNITE Group Cash And Cash Equivalents Related Terms

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UNITE Group (UNITE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (OTCPK:UTGPF) » Definitions » Cash And Cash Equivalents

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UTGl:UK UTG:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.