Fairvest (JSE:FTB) Cash And Cash Equivalents

: R107 Mil (As of Sep. 2023)

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Fairvest's quarterly cash and cash equivalents increased from Jun. 2021 (R15.26 Mil) to Mar. 2023 (R138.49 Mil) but then stayed the same from Mar. 2023 (R138.49 Mil) to Sep. 2023 (R106.76 Mil).

Fairvest's annual cash and cash equivalents increased from . 20 (R0.00 Mil) to Jun. 2021 (R15.26 Mil) and increased from Jun. 2021 (R15.26 Mil) to Sep. 2023 (R106.76 Mil).

Fairvest Cash And Cash Equivalents Historical Data

The historical data trend for Fairvest'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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Fairvest Annual Data

Trend

Jun21

Sep23

Cash And Cash Equivalents

15.26

106.76

Fairvest Semi-Annual Data
	Jun21	Mar23	Sep23
Cash And Cash Equivalents	15.26	138.49	106.76

Fairvest 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.

Fairvest (JSE:FTB) 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.

Fairvest Cash And Cash Equivalents Related Terms

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Fairvest (JSE:FTB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fairvest Ltd (JSE:FTB) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

FTA:South Africa 2T20:Germany

Address

34 Bree Street, 8th Floor, The Terraces, Cape Town, WC, ZAF, 8001

Website

https://www.fairvest.co.za

Fairvest Ltd is a real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial, Retail, Residential & Overhead. The majority is from the Retail segment. Geographically, it is located in South Africa.

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