IG Group Holdings (IG Group Holdings) Cash And Cash Equivalents : $730 Mil (As of Nov. 2023)

View and export this data going back to 2016. Start your Free Trial

What is IG Group Holdings Cash And Cash Equivalents?

IG Group Holdings's quarterly cash and cash equivalents declined from Nov. 2022 ($1,006.92 Mil) to May. 2023 ($996.88 Mil) but then stayed the same from May. 2023 ($996.88 Mil) to Nov. 2023 ($729.73 Mil).

IG Group Holdings's annual cash and cash equivalents increased from May. 2021 ($922.82 Mil) to May. 2022 ($1,550.25 Mil) but then declined from May. 2022 ($1,550.25 Mil) to May. 2023 ($996.88 Mil).

IG Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for IG Group 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.

* Premium members only.

IG Group Holdings Cash And Cash Equivalents Chart

IG Group Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

Get a 7-Day Free Trial

479.82

598.03

922.82

1,550.25

996.88

IG Group Holdings Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash And Cash Equivalents	Get a 7-Day Free Trial															893.67	1,550.25	1,006.92	996.88	729.73

IG Group 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.

IG Group Holdings (OTCPK:IGGRF) 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.

IG Group Holdings Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of IG Group Holdings's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

IG Group Holdings (IG Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IG Group Holdings PLC (OTCPK:IGGRF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

IGGHY:USA IGGl:UK IGG:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.