CLEGF (Coles Group) Cash And Cash Equivalents : $396 Mil (As of Dec. 2024)

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What is Coles Group Cash And Cash Equivalents?

Coles Group's quarterly cash and cash equivalents declined from Dec. 2023 ($730.92 Mil) to Jun. 2024 ($448.21 Mil) but then stayed the same from Jun. 2024 ($448.21 Mil) to Dec. 2024 ($395.82 Mil).

Coles Group's annual cash and cash equivalents declined from Jun. 2022 ($413.91 Mil) to Jun. 2023 ($400.67 Mil) but then increased from Jun. 2023 ($400.67 Mil) to Jun. 2024 ($448.21 Mil).

Coles Group Cash And Cash Equivalents Historical Data

The historical data trend for Coles 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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Coles Group Cash And Cash Equivalents Chart

Coles Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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684.61

601.68

413.91

400.67

448.21

Coles Group Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial									470.99	400.67	730.92	448.21	395.82

Coles 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.

Coles Group (OTCPK:CLEGF) 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.

Coles Group Cash And Cash Equivalents Related Terms

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Coles Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Coles Group Ltd (OTCPK:CLEGF) » Definitions » Cash And Cash Equivalents

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2OF:Germany COL:Australia

Address

800-838 Toorak Road, Hawthorn East, Melbourne, VIC, AUS, 3123

Website

https://www.colesgroup.com.au

Coles is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and is the country's third-largest liquor retailer. The group has an extensive store network of over 1,800 stores and roughly 80% of Australian live within a 10-minute drive from a Coles store. The retailer employs some 120,000 people, who process 17 million individual customer transactions a week. This compares with Woolworths processing about 30 million customer transactions per week from Australia's population of 25 million.