United Malt Group (ASX:UMG) Cash, Cash Equivalents, Marketable Securities : A$159 Mil (As of Mar. 2023)

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What is United Malt Group Cash, Cash Equivalents, Marketable Securities?

United Malt Group's quarterly cash, cash equivalents, marketable securities increased from Mar. 2022 (A$179.00 Mil) to Sep. 2022 (A$222.90 Mil) but then stayed the same from Sep. 2022 (A$222.90 Mil) to Mar. 2023 (A$159.10 Mil).

United Malt Group's annual cash, cash equivalents, marketable securities increased from Sep. 2020 (A$262.10 Mil) to Sep. 2021 (A$286.80 Mil) but then declined from Sep. 2021 (A$286.80 Mil) to Sep. 2022 (A$222.90 Mil).

United Malt Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for United Malt 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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United Malt Group Cash, Cash Equivalents, Marketable Securities Chart

United Malt Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Cash, Cash Equivalents, Marketable Securities

52.50

262.10

286.80

222.90

United Malt Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			215.70	286.80	179.00	222.90	159.10

United Malt 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.

United Malt Group (ASX:UMG) 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.

United Malt Group Cash, Cash Equivalents, Marketable Securities Related Terms

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United Malt Group (ASX:UMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Malt Group Ltd (ASX:UMG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

18110 SE 34th Street, Suite 240, Vancouver, WA, USA, 98683

Website

https://www.unitedmalt.com

United Malt processes grains into malt, primarily for brewing into beer. The company is the fourth largest global malt processor and works with some of the world's largest breweries and distillers as well as fast growing craft producers. The business has capacity to process about 1.25 million metric tons of malt annually, primarily housed in the U.S. and Canada, serving the North American beer market, with additional facilities in Australia (serving both domestic brewing and exports to Asia) and the U.K. (selling to Scotch whisky distillers).

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