EQT Holdings (ASX:EQT) Cash And Cash Equivalents : A$106.2 Mil (As of Dec. 2023)

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What is EQT Holdings Cash And Cash Equivalents?

EQT Holdings's quarterly cash and cash equivalents increased from Dec. 2022 (A$99.03 Mil) to Jun. 2023 (A$99.69 Mil) and increased from Jun. 2023 (A$99.69 Mil) to Dec. 2023 (A$106.24 Mil).

EQT Holdings's annual cash and cash equivalents increased from Jun. 2021 (A$92.18 Mil) to Jun. 2022 (A$108.32 Mil) but then declined from Jun. 2022 (A$108.32 Mil) to Jun. 2023 (A$99.69 Mil).

EQT Holdings Cash And Cash Equivalents Historical Data

The historical data trend for EQT Holdings'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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EQT Holdings Cash And Cash Equivalents Chart

EQT Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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54.43

84.74

92.18

108.32

99.69

EQT Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															100.27	108.32	99.03	99.69	106.24

EQT Holdings 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.

EQT Holdings (ASX:EQT) 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.

EQT Holdings Cash And Cash Equivalents Related Terms

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EQT Holdings (ASX:EQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » EQT Holdings Ltd (ASX:EQT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

575 Bourke Street, Level 1, Melbourne, VIC, AUS, 3000

Website

https://www.eqt.com.au

EQT Holdings Ltd is an independent trustee and executor company. The company's operating segment includes Trustee and Wealth Services and SuperannuationTrustee Services. It generates maximum revenue from Trustee and Wealth Services. The Trustee & wealth Services segment provides a range of private client, philanthropic and superannuation services including estate planning and management; charitable, compensation, community and personal trust services, wealth management and advice. It has a presence in Australia, the United Kingdom, and Ireland.