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SSP Group (SSP Group) Cash, Cash Equivalents, Marketable Securities : $375 Mil (As of Sep. 2023)


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What is SSP Group Cash, Cash Equivalents, Marketable Securities?

SSP Group's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($615.63 Mil) to Mar. 2023 ($442.48 Mil) but then stayed the same from Mar. 2023 ($442.48 Mil) to Sep. 2023 ($375.37 Mil).

SSP Group's annual cash, cash equivalents, marketable securities declined from Sep. 2021 ($1,062.64 Mil) to Sep. 2022 ($615.63 Mil) and declined from Sep. 2022 ($615.63 Mil) to Sep. 2023 ($375.37 Mil).


SSP Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for SSP Group's Cash, Cash Equivalents, Marketable Securities 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.

SSP Group Cash, Cash Equivalents, Marketable Securities Chart

SSP Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 288.74 239.64 1,062.64 615.63 375.37

SSP Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Cash, Cash Equivalents, Marketable Securities 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 1,062.64 587.35 615.63 442.48 375.37

SSP Group Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.


SSP Group  (OTCPK:SSPPF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.


SSP Group Cash, Cash Equivalents, Marketable Securities Related Terms

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SSP Group (SSP Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » SSP Group PLC (OTCPK:SSPPF) » Definitions » Cash, Cash Equivalents, Marketable Securities
Traded in Other Exchanges
Address
32 Jamestown Road, London, GBR, NW1 7HW
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.

SSP Group (SSP Group) Headlines

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