Flutter Entertainment (LSE:FLTR) Cash, Cash Equivalents, Marketable Securities : £2,703 Mil (As of Dec. 2023)

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What is Flutter Entertainment Cash, Cash Equivalents, Marketable Securities?

Flutter Entertainment's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (£2,578.76 Mil) to Jun. 2023 (£1,827.69 Mil) but then increased from Jun. 2023 (£1,827.69 Mil) to Dec. 2023 (£2,702.59 Mil).

Flutter Entertainment's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (£1,050.15 Mil) to Dec. 2022 (£2,578.76 Mil) and increased from Dec. 2022 (£2,578.76 Mil) to Dec. 2023 (£2,702.59 Mil).

Flutter Entertainment Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Flutter Entertainment'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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Flutter Entertainment Cash, Cash Equivalents, Marketable Securities Chart

Flutter Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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108.15

695.77

1,050.15

2,578.76

2,702.59

Flutter Entertainment 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															1,050.15	857.03	2,578.76	1,827.69	2,702.59

Flutter Entertainment 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.

Flutter Entertainment (LSE:FLTR) 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.

Flutter Entertainment Cash, Cash Equivalents, Marketable Securities Related Terms

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Flutter Entertainment (LSE:FLTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flutter Entertainment PLC (LSE:FLTR) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

PDYPY:USA PDYPF:USA FLTR:Ireland FLTRl:UK PPB:Germany

Address

Beech Hill Road, Belfield Office Park, Clonskeagh, Dublin, IRL, 4

Website

https://www.flutter.com

Flutter Entertainment PLC is a global sports betting, gaming, and entertainment provider. The company's segments include PBB Online, which provides betting apps in over 100 countries as well as business-to-business risk and trading services; Australia, which consists of the Sportsbet Australian brand for betting on national sporting events; U.S., which includes betting apps, retail-only betting, and daily fantasy sports; and PBB Retail, which includes betting shops in the U.K. and Ireland and an accompanying app. PBB Online makes up the largest revenue segment.