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SG Fleet Group (ASX:SGF) Cash, Cash Equivalents, Marketable Securities : A$288.0 Mil (As of Dec. 2023)


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What is SG Fleet Group Cash, Cash Equivalents, Marketable Securities?

SG Fleet Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$238.74 Mil) to Jun. 2023 (A$125.89 Mil) but then increased from Jun. 2023 (A$125.89 Mil) to Dec. 2023 (A$287.97 Mil).

SG Fleet Group's annual cash, cash equivalents, marketable securities declined from Jun. 2021 (A$233.74 Mil) to Jun. 2022 (A$95.56 Mil) but then increased from Jun. 2022 (A$95.56 Mil) to Jun. 2023 (A$125.89 Mil).

SG Fleet Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for SG Fleet 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.

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SG Fleet Group Cash, Cash Equivalents, Marketable Securities Chart

SG Fleet Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.73 112.86 233.74 95.56 125.89

SG Fleet 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, 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 365.14 95.56 238.74 125.89 287.97

SG Fleet 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.

SG Fleet Group  (ASX:SGF) 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.

SG Fleet Group Cash, Cash Equivalents, Marketable Securities Related Terms

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SG Fleet Group (ASX:SGF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SG Fleet Group Ltd (ASX:SGF) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
20 Bridge Street, Level 2, Building 3, Pymble, Sydney, NSW, AUS, 2073
Website
https://www.sgfleet.com
SG Fleet Group Ltd is a fleet management solutions providing company. It is also involved in the activities of vehicle leasing, short-term hire, novated leasing, salary packaging and consumer vehicle finance. The fleet management services include funding options, registration renewal, fuel cards and reporting, vehicle acquisition and disposal, comprehensive insurance and other services. Geographically, the group operates in the business segments of Australia, New Zealand, and the United Kingdom, of which the majority of the revenue is derived from its operations in Australia.