IVE Group (ASX:IGL) Cash And Cash Equivalents : A$41.7 Mil (As of Dec. 2023)

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What is IVE Group Cash And Cash Equivalents?

IVE Group's quarterly cash and cash equivalents declined from Dec. 2022 (A$56.16 Mil) to Jun. 2023 (A$44.86 Mil) but then stayed the same from Jun. 2023 (A$44.86 Mil) to Dec. 2023 (A$41.66 Mil).

IVE Group's annual cash and cash equivalents declined from Jun. 2021 (A$106.47 Mil) to Jun. 2022 (A$67.04 Mil) and declined from Jun. 2022 (A$67.04 Mil) to Jun. 2023 (A$44.86 Mil).

IVE Group Cash And Cash Equivalents Historical Data

The historical data trend for IVE 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.

* Premium members only.

IVE Group Cash And Cash Equivalents Chart

IVE Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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31.50

51.64

106.47

67.04

44.86

IVE Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial												51.64	67.04	56.16	44.86	41.66

IVE 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.

IVE Group (ASX:IGL) 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.

IVE Group Cash And Cash Equivalents Related Terms

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IVE Group (ASX:IGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » IVE Group Ltd (ASX:IGL) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

N/A

Address

350-374 Parramatta Road, Building B, Homebush, Sydney, NSW, AUS, 2140

Website

https://www.ivegroup.com.au

IVE Group Ltd is a diversified print and marketing communications company. The principal activities of the company include conceptual and creative design across print, mobile and interactive media; catalogues, the printing of magazines, marketing, and corporate communications materials and stationery. Also, the company provides personalized communications including marketing mail, publication mail, e-communications, and multi-channel solutions. It serves sectors such as financial services, publishing, retail, communications, property, clubs and associations, not-for-profit, utilities, manufacturing, education, and government.

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