hipages Group Holdings (ASX:HPG) Cash And Cash Equivalents : A$21.20 Mil (As of Dec. 2024)

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What is hipages Group Holdings Cash And Cash Equivalents?

hipages Group Holdings's quarterly cash and cash equivalents increased from Dec. 2023 (A$17.92 Mil) to Jun. 2024 (A$20.12 Mil) and increased from Jun. 2024 (A$20.12 Mil) to Dec. 2024 (A$21.20 Mil).

hipages Group Holdings's annual cash and cash equivalents declined from Jun. 2022 (A$10.91 Mil) to Jun. 2023 (A$8.54 Mil) but then increased from Jun. 2023 (A$8.54 Mil) to Jun. 2024 (A$20.12 Mil).

hipages Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for hipages Group Holdings'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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hipages Group Holdings Cash And Cash Equivalents Chart

hipages Group Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

31.79

30.30

10.91

8.54

20.12

hipages Group Holdings Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial					7.43	8.54	17.92	20.12	21.20

hipages Group Holdings 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.

hipages Group Holdings (ASX:HPG) 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.

hipages Group Holdings Cash And Cash Equivalents Related Terms

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hipages Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » hipages Group Holdings Ltd (ASX:HPG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

255 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.hipagesgroup.com.au

hipages Group Holdings Ltd is an online platform and software as a service provider that aims to connect tradies and consumers in order to resolve difficulties that come with organizing and coordinating home improvement jobs. The platform provides an efficient, technology-driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment, and ratings and recommendations. The company has two segments, Australia (hipages online tradie platform), and New Zealand (Builderscrack online tradie platform). The company generates majority of its revenue from Australia.

hipages Group Holdings Headlines

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