Collins Foods (Collins Foods) Cash And Cash Equivalents : $62.3 Mil (As of Oct. 2023)

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What is Collins Foods Cash And Cash Equivalents?

Collins Foods's quarterly cash and cash equivalents declined from Oct. 2022 ($59.52 Mil) to Apr. 2023 ($53.67 Mil) but then increased from Apr. 2023 ($53.67 Mil) to Oct. 2023 ($62.27 Mil).

Collins Foods's annual cash and cash equivalents declined from Apr. 2021 ($73.69 Mil) to Apr. 2022 ($71.59 Mil) and declined from Apr. 2022 ($71.59 Mil) to Apr. 2023 ($53.67 Mil).

Collins Foods Cash And Cash Equivalents Historical Data

The historical data trend for Collins Foods'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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Collins Foods Cash And Cash Equivalents Chart

Collins Foods Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash And Cash Equivalents

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56.75

73.42

73.69

71.59

53.67

Collins Foods Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash And Cash Equivalents	Get a 7-Day Free Trial															66.75	71.59	59.52	53.67	62.27

Collins Foods 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.

Collins Foods (OTCPK:CLLFF) 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.

Collins Foods Cash And Cash Equivalents Related Terms

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Collins Foods (Collins Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Collins Foods Ltd (OTCPK:CLLFF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CKF:Australia

Address

485 Kingsford Smith Drive, Level 3, KSD1, Hamilton, QLD, AUS, 4007

Website

https://www.collinsfoods.com

Collins Foods is an operator of quick service restaurants, or QSRs. It franchises restaurant brands from U.S.-listed Yum Brands, including KFC in Australia, Germany, and the Netherlands, as well as Taco Bell in Australia. Most of its revenue and earnings are generated in Australia, where Collins is the largest franchisee of KFC, ahead of Restaurant Brands New Zealand.In the Netherlands, Collins has signed a corporate franchise agreement, giving it more control over development and oversight of the Dutch franchisee network.Earnings growth is underpinned by its store network expansion, both new restaurants and acquisitions of existing sites. Competitive pricing is key to maintaining share in the QSR market, and the company has generally increased at or below consumer price index growth.