Marshall Monteagle (JSE:MMP) Cash And Cash Equivalents : R427 Mil (As of Sep. 2023)

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What is Marshall Monteagle Cash And Cash Equivalents?

Marshall Monteagle's quarterly cash and cash equivalents increased from Sep. 2022 (R233.95 Mil) to Mar. 2023 (R424.08 Mil) and increased from Mar. 2023 (R424.08 Mil) to Sep. 2023 (R426.75 Mil).

Marshall Monteagle's annual cash and cash equivalents increased from Sep. 2019 (R335.88 Mil) to Sep. 2020 (R497.27 Mil) but then declined from Sep. 2020 (R497.27 Mil) to Mar. 2023 (R424.08 Mil).

Marshall Monteagle Cash And Cash Equivalents Historical Data

The historical data trend for Marshall Monteagle'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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Marshall Monteagle Cash And Cash Equivalents Chart

Marshall Monteagle Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Mar23

Cash And Cash Equivalents

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278.90

272.62

335.88

497.27

424.08

Marshall Monteagle Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															497.27	430.91	233.95	424.08	426.75

Marshall Monteagle 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.

Marshall Monteagle (JSE:MMP) 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.

Marshall Monteagle Cash And Cash Equivalents Related Terms

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Marshall Monteagle (JSE:MMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Marshall Monteagle PLC (JSE:MMP) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

66-72 Esplanade, 2nd Floor, Gaspe House, Saint Helier, JEY, JE1 1GH

Website

https://www.monteaglegroup.com

Marshall Monteagle PLC operates trading businesses involved in the importation and distribution of hand tools, machinery and non-perishable food products, coffee roasting, importing and exporting and trading in metals and minerals. It is also involved in the property business. The company generates the majority of its revenue from the Import and distribution segment, which is engaged in Trade in non-perishable products, such as food, food ingredients, household consumer products, metal and minerals, manufacturing inputs, and tools; primarily imports to South Africa and Latin America, and exports from South Africa.