Afristrat Investment Holdings (JSE:ATI) Cash And Cash Equivalents : R1.12 Mil (As of Sep. 2021)

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What is Afristrat Investment Holdings Cash And Cash Equivalents?

Afristrat Investment Holdings's quarterly cash and cash equivalents increased from Sep. 2020 (R1.84 Mil) to Mar. 2021 (R4.46 Mil) but then stayed the same from Mar. 2021 (R4.46 Mil) to Sep. 2021 (R1.12 Mil).

Afristrat Investment Holdings's annual cash and cash equivalents increased from Mar. 2018 (R24.85 Mil) to Jun. 2019 (R37.66 Mil) but then declined from Jun. 2019 (R37.66 Mil) to Mar. 2021 (R4.46 Mil).

Afristrat Investment Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Afristrat Investment 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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Afristrat Investment Holdings Cash And Cash Equivalents Chart

Afristrat Investment Holdings Annual Data

Trend

Jun09

Jun10

Sep11

Dec12

Dec13

Dec14

Dec15

Mar18

Jun19

Mar21

Cash And Cash Equivalents

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6.99

15.12

24.85

37.66

4.46

Afristrat Investment Holdings Semi-Annual Data
	Jun05	Jun06	Jun08	Jun09	Jun10	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Sep17	Mar18	Dec18	Jun19	Dec19	Sep20	Mar21	Sep21
Cash And Cash Equivalents	Get a 7-Day Free Trial															37.66	32.18	1.84	4.46	1.12

Afristrat Investment 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.

Afristrat Investment Holdings (JSE:ATI) 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.

Afristrat Investment Holdings Cash And Cash Equivalents Related Terms

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Afristrat Investment Holdings (JSE:ATI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Afristrat Investment Holdings Ltd (JSE:ATI) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

43 Garsfontein Road, 1st Floor, The Wedge, Waterkloof, ZAF, 0145

Website

https://www.afristrat.ltd

Afristrat Investment Holdings Ltd is engaged in providing accounting services, taxation services, business consultancy services, digital marketing and funding services, and other strategic services.