Elanor Commercial Property Fund (ASX:ECF) Cash And Cash Equivalents : A$8.02 Mil (As of Dec. 2023)

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What is Elanor Commercial Property Fund Cash And Cash Equivalents?

Elanor Commercial Property Fund's quarterly cash and cash equivalents declined from Dec. 2022 (A$8.67 Mil) to Jun. 2023 (A$7.99 Mil) but then increased from Jun. 2023 (A$7.99 Mil) to Dec. 2023 (A$8.02 Mil).

Elanor Commercial Property Fund's annual cash and cash equivalents declined from Jun. 2021 (A$8.41 Mil) to Jun. 2022 (A$8.19 Mil) and declined from Jun. 2022 (A$8.19 Mil) to Jun. 2023 (A$7.99 Mil).

Elanor Commercial Property Fund Cash And Cash Equivalents Historical Data

The historical data trend for Elanor Commercial Property Fund's Cash And Cash Equivalents 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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Elanor Commercial Property Fund Cash And Cash Equivalents Chart

Elanor Commercial Property Fund Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

3.10

6.81

8.41

8.19

7.99

Elanor Commercial Property Fund Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial				14.45	8.19	8.67	7.99	8.02

Elanor Commercial Property Fund Cash And Cash Equivalents 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.

Elanor Commercial Property Fund (ASX:ECF) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Elanor Commercial Property Fund Cash And Cash Equivalents Related Terms

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Elanor Commercial Property Fund (ASX:ECF) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

259 George Street, Level 38, Sydney, NSW, AUS, 2000

Website

https://www.elanorinvestors.com

Elanor Commercial Property Fund is engaged in the Australian real estate investment and funds management business. The key investment sector focuses are the commercial real estate, retail real estate and the hotels, tourism and leisure sectors. The only operating business segment, being the investment in commercial properties in Australia. The company derives maximum revenue generated from a diversified portfolio of Government, Multinational and ASX listed tenants.