Top Shelf International Holdings (ASX:TSI) Cash, Cash Equivalents, Marketable Securities : A$2.79 Mil (As of Dec. 2023)

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What is Top Shelf International Holdings Cash, Cash Equivalents, Marketable Securities?

Top Shelf International Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$6.69 Mil) to Jun. 2023 (A$2.86 Mil) but then stayed the same from Jun. 2023 (A$2.86 Mil) to Dec. 2023 (A$2.79 Mil).

Top Shelf International Holdings's annual cash, cash equivalents, marketable securities increased from Jun. 2021 (A$9.47 Mil) to Jun. 2022 (A$20.13 Mil) but then declined from Jun. 2022 (A$20.13 Mil) to Jun. 2023 (A$2.86 Mil).

Top Shelf International Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Top Shelf International Holdings'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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Top Shelf International Holdings Cash, Cash Equivalents, Marketable Securities Chart

Top Shelf International Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

23.52

9.47

20.13

2.86

Top Shelf International Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			38.68	20.13	6.69	2.86	2.79

Top Shelf International Holdings 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.

Top Shelf International Holdings (ASX:TSI) 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.

Top Shelf International Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Top Shelf International Holdings (ASX:TSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Top Shelf International Holdings Ltd (ASX:TSI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

16-18 National Boulevard, Campbellfield, VIC, AUS, 3061

Website

https://www.topshelfgroup.com.au

Top Shelf International Holdings Ltd is a beverages manufacturer and distributor in Australia. The company's beverage manufacturing capability includes spirit distillation, maturation, mixing, carbonation along with canning and glass and PET bottling lines for supply into domestic and international markets of non-alcoholic and alcoholic beverages.