Associated British Foods (LSE:ABF) Cash And Cash Equivalents : £1,268 Mil (As of Feb. 2024)

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What is Associated British Foods Cash And Cash Equivalents?

Associated British Foods's quarterly cash and cash equivalents increased from Feb. 2023 (£1,213.00 Mil) to Aug. 2023 (£1,457.00 Mil) but then stayed the same from Aug. 2023 (£1,457.00 Mil) to Feb. 2024 (£1,268.00 Mil).

Associated British Foods's annual cash and cash equivalents declined from Aug. 2021 (£2,275.00 Mil) to Aug. 2022 (£2,121.00 Mil) and declined from Aug. 2022 (£2,121.00 Mil) to Aug. 2023 (£1,457.00 Mil).

Associated British Foods Cash And Cash Equivalents Historical Data

The historical data trend for Associated British Foods'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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Associated British Foods Cash And Cash Equivalents Chart

Associated British Foods Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

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1,495.00

1,996.00

2,275.00

2,121.00

1,457.00

Associated British Foods Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2,190.00	2,121.00	1,213.00	1,457.00	1,268.00

Associated British Foods 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.

Associated British Foods (LSE:ABF) 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.

Associated British Foods Cash And Cash Equivalents Related Terms

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Associated British Foods (LSE:ABF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Associated British Foods PLC (LSE:ABF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

ASBFY:USA ASBFF:USA ABFl:UK AFO1:Germany

Address

10 Grosvenor Street, Weston Centre, London, GBR, W1K 4QY

Website

https://www.abf.co.uk

Associated British Foods is a diversified international retail, food, and ingredients group with 130,000 employees and operations in 50 countries across Europe, southern Africa, the Americas, Asia, and Australia. The group sells branded grocery products, grows and processes sugar, supplies farmers with crop input and animal feed, and runs the popular Primark clothing retail chain. It also supplies ingredients like baker's yeast, enzymes, lipids, and cereal specialities. Some 40% of sales are in the U.K., and Primark generates more than half of the firm's operating profit.

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