Activeport Group (ASX:ATV) Cash And Cash Equivalents : A$2.30 Mil (As of Dec. 2023)

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What is Activeport Group Cash And Cash Equivalents?

Activeport Group's quarterly cash and cash equivalents declined from Dec. 2022 (A$1.34 Mil) to Jun. 2023 (A$1.16 Mil) but then increased from Jun. 2023 (A$1.16 Mil) to Dec. 2023 (A$2.30 Mil).

Activeport Group's annual cash and cash equivalents declined from Jun. 2021 (A$11.98 Mil) to Jun. 2022 (A$3.17 Mil) and declined from Jun. 2022 (A$3.17 Mil) to Jun. 2023 (A$1.16 Mil).

Activeport Group Cash And Cash Equivalents Historical Data

The historical data trend for Activeport Group'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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Activeport Group Cash And Cash Equivalents Chart

Activeport Group Annual Data

Trend

Jun21

Jun22

Jun23

Cash And Cash Equivalents

11.98

3.17

1.16

Activeport Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	8.21	3.17	1.34	1.16	2.30

Activeport Group 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.

Activeport Group (ASX:ATV) 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.

Activeport Group Cash And Cash Equivalents Related Terms

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Activeport Group (ASX:ATV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Activeport Group Ltd (ASX:ATV) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

140 St Georges Terrace, Level 28, West Perth, Perth, WA, AUS, 6000

Website

https://www.activeport.com.au

Activeport Group Ltd is engaged in the information technology-related business involving unique edge-to-cloud integrated service. It provides software used to orchestrate network connectivity from the Virtual Edge of the network at a customer's premises to data and Cloud services.