Avingtrans (LSE:AVG) Cash And Cash Equivalents : £13.9 Mil (As of Nov. 2023)

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What is Avingtrans Cash And Cash Equivalents?

Avingtrans's quarterly cash and cash equivalents declined from Nov. 2022 (£22.01 Mil) to May. 2023 (£17.72 Mil) but then stayed the same from May. 2023 (£17.72 Mil) to Nov. 2023 (£13.92 Mil).

Avingtrans's annual cash and cash equivalents declined from May. 2021 (£30.08 Mil) to May. 2022 (£24.29 Mil) and declined from May. 2022 (£24.29 Mil) to May. 2023 (£17.72 Mil).

Avingtrans Cash And Cash Equivalents Historical Data

The historical data trend for Avingtrans'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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Avingtrans Cash And Cash Equivalents Chart

Avingtrans Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

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8.91

5.09

30.08

24.29

17.72

Avingtrans Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash And Cash Equivalents	Get a 7-Day Free Trial															29.30	24.29	22.01	17.72	13.92

Avingtrans 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.

Avingtrans (LSE:AVG) 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.

Avingtrans Cash And Cash Equivalents Related Terms

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Avingtrans (LSE:AVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avingtrans PLC (LSE:AVG) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

DZR:Germany

Address

Chatteris Business Park, Chatteris, Cambridgeshire, GBR, PE16 6SA

Website

https://www.avingtrans.plc.uk

Avingtrans PLCis a UK based company, designs and manufactures engineered components, systems and services for the automotive, healthcare and traffic management industries around the world. The company is divided into three segments: Energy-EPM; Energy-PSRE; and Medica-IMI. Avingtrans also designs and manufactures manufactured poles and cabinets for road safety cameras and railway track signaling. The company has a geographical presence in the UK, Europe and North America, and the Rest of World, with the UK region accounting for the majority of revenue.

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