MRVGF (Mirvac Group) Beginning Cash Position : $151 Mil (As of Jun. 2024)

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What is Mirvac Group Beginning Cash Position?

Mirvac Group's Beginning Cash Position for the quarter that ended in Jun. 2024 was $151 Mil.

Mirvac Group's quarterly Beginning Cash Position increased from Jun. 2023 ($45 Mil) to Dec. 2023 ($82 Mil) and increased from Dec. 2023 ($82 Mil) to Jun. 2024 ($151 Mil).

Mirvac Group's annual Beginning Cash Position increased from Jun. 2022 ($82 Mil) to Jun. 2023 ($374 Mil) but then declined from Jun. 2023 ($374 Mil) to Jun. 2024 ($81 Mil).

Mirvac Group Beginning Cash Position Historical Data

The historical data trend for Mirvac Group's Beginning Cash Position 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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Mirvac Group Beginning Cash Position Chart

Mirvac Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Beginning Cash Position

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92.48

247.71

82.22

374.50

81.01

Mirvac Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Beginning Cash Position	Get a 7-Day Free Trial															49.19	376.52	44.97	81.66	150.73

Mirvac Group Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

Mirvac Group Beginning Cash Position Related Terms

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Mirvac Group Business Description

Industry

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MGR:Australia

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a quarter of EBIT in fiscal 2024, despite requiring only about less than 20% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots. After an expected trough in 2025 we forecast modest growth as Mirvac constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.