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Remgro (JSE:REM) Cash And Cash Equivalents : R7,398 Mil (As of Dec. 2024)


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What is Remgro Cash And Cash Equivalents?

Remgro's quarterly cash and cash equivalents increased from Dec. 2023 (R6,126.00 Mil) to Jun. 2024 (R6,789.00 Mil) and increased from Jun. 2024 (R6,789.00 Mil) to Dec. 2024 (R7,398.00 Mil).

Remgro's annual cash and cash equivalents declined from Jun. 2022 (R11,884.00 Mil) to Jun. 2023 (R6,047.00 Mil) but then increased from Jun. 2023 (R6,047.00 Mil) to Jun. 2024 (R6,789.00 Mil).

Remgro Cash And Cash Equivalents Historical Data

The historical data trend for Remgro'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.

* Premium members only.

Remgro Cash And Cash Equivalents Chart

Remgro Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15,631.00 8,763.00 11,884.00 6,047.00 6,789.00

Remgro Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10,983.00 6,047.00 6,126.00 6,789.00 7,398.00

Remgro 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.

Remgro  (JSE:REM) 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.

Remgro Cash And Cash Equivalents Related Terms

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Remgro Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Remgro Ltd (JSE:REM) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
RE7:Germany
Address
16 Stellentia Avenue, Millennia Park, Stellenbosch, ZAF, 7600
Website
https://www.remgro.com
Remgro Ltd is an investment holding company that consists of investments in the healthcare, consumer products, financial services, infrastructure, industrial and media industries. It derives maximum revenue from company products.