Synlait Milk (ASX:SM1) Cash, Cash Equivalents, Marketable Securities : A$28 Mil (As of Jan. 2024)

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What is Synlait Milk Cash, Cash Equivalents, Marketable Securities?

Synlait Milk's quarterly cash, cash equivalents, marketable securities declined from Jan. 2023 (A$11.44 Mil) to Jul. 2023 (A$8.58 Mil) but then increased from Jul. 2023 (A$8.58 Mil) to Jan. 2024 (A$28.36 Mil).

Synlait Milk's annual cash, cash equivalents, marketable securities declined from Jul. 2021 (A$15.08 Mil) to Jul. 2022 (A$13.10 Mil) and declined from Jul. 2022 (A$13.10 Mil) to Jul. 2023 (A$8.58 Mil).

Synlait Milk Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Synlait Milk'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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Synlait Milk Cash, Cash Equivalents, Marketable Securities Chart

Synlait Milk Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash, Cash Equivalents, Marketable Securities

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15.32

5.51

15.08

13.10

8.58

Synlait Milk Semi-Annual Data
	Jan14	Jan15	Jan16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial													38.17	13.10	11.44	8.58	28.36

Synlait Milk 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.

Synlait Milk (ASX:SM1) 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.

Synlait Milk Cash, Cash Equivalents, Marketable Securities Related Terms

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Synlait Milk (ASX:SM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Synlait Milk Ltd (ASX:SM1) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

SML:New Zealand

Address

1028 Heslerton Road, RD13, Rakaia, STL, NZL, 7783

Website

https://www.synlait.com

Synlait Milk Ltd is a dairy processing company that benefits from a differentiated milk supply and unique operating environment in New Zealand. The business operates within one industry that includes the manufacture of milk powder and its related products, liquid milk, cheese, and butter. The company's success is largely due to its core infant nutrition business. Some of its key products include infant nutritional powders, whole milk powders, skim milk powders, anhydrous milk fat, and lactoferrin. The company is largely export-focused with China as its largest export market. The acquisition of two cheese companies resulted in an instant increase in the cheese segment and a more diversified earnings base.

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