Premier Investments (ASX:PMV) Cash And Cash Equivalents : A$478 Mil (As of Jan. 2024)

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What is Premier Investments Cash And Cash Equivalents?

Premier Investments's quarterly cash and cash equivalents declined from Jan. 2023 (A$470.35 Mil) to Jul. 2023 (A$417.65 Mil) but then increased from Jul. 2023 (A$417.65 Mil) to Jan. 2024 (A$478.09 Mil).

Premier Investments's annual cash and cash equivalents declined from Jul. 2021 (A$523.36 Mil) to Jul. 2022 (A$471.27 Mil) and declined from Jul. 2022 (A$471.27 Mil) to Jul. 2023 (A$417.65 Mil).

Premier Investments Cash And Cash Equivalents Historical Data

The historical data trend for Premier Investments'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.

Premier Investments Cash And Cash Equivalents Chart

Premier Investments Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash And Cash Equivalents

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190.26

448.83

523.36

471.27

417.65

Premier Investments Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															468.63	471.27	470.35	417.65	478.09

Premier Investments 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.

Premier Investments (ASX:PMV) 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.

Premier Investments Cash And Cash Equivalents Related Terms

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Premier Investments (ASX:PMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Premier Investments Ltd (ASX:PMV) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

417 St Kilda Road, Level 7, Melbourne, VIC, AUS, 3004

Website

https://www.premierinvestments.com.au

Premier Investments is an Australian company that operates six speciality retail fashion chains in the speciality retail fashion markets in Australia and New Zealand. It also operates the unique Smiggle brand, retailing children's stationery in Australia and overseas markets. Premier Investments has a separate business division that focuses on investment in listed securities and money market deposits.

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