Angling Direct (LSE:ANG) Cash And Cash Equivalents : £17.62 Mil (As of Jul. 2023)

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What is Angling Direct Cash And Cash Equivalents?

Angling Direct's quarterly cash and cash equivalents declined from Jul. 2022 (£17.08 Mil) to Jan. 2023 (£14.13 Mil) but then increased from Jan. 2023 (£14.13 Mil) to Jul. 2023 (£17.62 Mil).

Angling Direct's annual cash and cash equivalents increased from Jan. 2021 (£15.00 Mil) to Jan. 2022 (£16.60 Mil) but then declined from Jan. 2022 (£16.60 Mil) to Jan. 2023 (£14.13 Mil).

Angling Direct Cash And Cash Equivalents Historical Data

The historical data trend for Angling Direct'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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Angling Direct Cash And Cash Equivalents Chart

Angling Direct Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash And Cash Equivalents

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13.54

5.98

15.00

16.60

14.13

Angling Direct Semi-Annual Data
	Jan15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Cash And Cash Equivalents	Get a 7-Day Free Trial												19.58	16.60	17.08	14.13	17.62

Angling Direct 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.

Angling Direct (LSE:ANG) 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.

Angling Direct Cash And Cash Equivalents Related Terms

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Angling Direct (LSE:ANG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Angling Direct PLC (LSE:ANG) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

2D Wendover Road, Rackheath Industrial Estate, Rackheath, Norwich, Norfolk, GBR, NR13 6LH

Website

https://www.anglingdirect.co.uk

Angling Direct PLC is a United Kingdom-based fishing tackle retailer company. The company is engaged in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles. The company operates into two operating segments: Stores and Online. The company derives revenue from Retail store sales and E-commerce and also sells baits, additives, sunglasses, waders, boots, seat box accessories, buckets, rod pods, nets, indicators, reels, umbrellas, and other products and services. The company operates in the UK.

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