Mirriad Advertising (LSE:MIRI) Cash And Cash Equivalents : £9.79 Mil (As of Jun. 2023)

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What is Mirriad Advertising Cash And Cash Equivalents?

Mirriad Advertising's quarterly cash and cash equivalents declined from Jun. 2022 (£17.71 Mil) to Dec. 2022 (£11.29 Mil) but then stayed the same from Dec. 2022 (£11.29 Mil) to Jun. 2023 (£9.79 Mil).

Mirriad Advertising's annual cash and cash equivalents declined from Dec. 2020 (£35.42 Mil) to Dec. 2021 (£24.50 Mil) and declined from Dec. 2021 (£24.50 Mil) to Dec. 2022 (£11.29 Mil).

Mirriad Advertising Cash And Cash Equivalents Historical Data

The historical data trend for Mirriad Advertising'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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Mirriad Advertising Cash And Cash Equivalents Chart

Mirriad Advertising Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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15.20

19.09

35.42

24.50

11.29

Mirriad Advertising Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial									29.76	24.50	17.71	11.29	9.79

Mirriad Advertising 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.

Mirriad Advertising (LSE:MIRI) 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.

Mirriad Advertising Cash And Cash Equivalents Related Terms

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Mirriad Advertising (LSE:MIRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mirriad Advertising PLC (LSE:MIRI) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

MMDDF:USA 8WQ:Germany

Address

One London Wall, 6th Floor, London, GBR, EC2Y 5EB

Website

https://www.mirriad.com

Mirriad Advertising PLC provides an in-content advertising platform. Its artificial intelligence (AI) based platform is a solution for in-content advertising and virtual product placement. Geographically, it derives the majority of its revenue from the United States and has a presence in the UK, China, and other countries.

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