Silk Logistics Holdings (ASX:SLH) Cash And Cash Equivalents : A$22.2 Mil (As of Dec. 2023)

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What is Silk Logistics Holdings Cash And Cash Equivalents?

Silk Logistics Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (A$34.12 Mil) to Jun. 2023 (A$30.48 Mil) but then stayed the same from Jun. 2023 (A$30.48 Mil) to Dec. 2023 (A$22.19 Mil).

Silk Logistics Holdings's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$31.96 Mil) but then declined from Jun. 2022 (A$31.96 Mil) to Jun. 2023 (A$30.48 Mil).

Silk Logistics Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Silk Logistics 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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Silk Logistics Holdings Cash And Cash Equivalents Chart

Silk Logistics Holdings Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

31.96

30.48

Silk Logistics Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			17.12	31.96	34.12	30.48	22.19

Silk Logistics 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.

Silk Logistics Holdings (ASX:SLH) 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.

Silk Logistics Holdings Cash And Cash Equivalents Related Terms

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Silk Logistics Holdings (ASX:SLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Silk Logistics Holdings Ltd (ASX:SLH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

850 Lorimer Street, Unit 3, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.silklogistics.com.au

Silk Logistics Holdings Ltd operates in the Australian logistics industry, delivering port-to-door, technology-enabled contract or third-party logistics and time certain Port Logistics services. The business provides these services to clients in several key industries, including, but not limited to FMCG, light industrial, food, specialised retail, and containerised agriculture. The company provides a one-stop shop for integrated port-to-door logistics, providing services in wharf cartage, warehousing, and domestic distribution, through its trading brands Silk Contract Logistics and Rocke Brothers. Its segment includes Port and Contract logistics out of which it generates a majority of its revenue from the Port logistics segment.