Fiinu (LSE:BANK) Cash And Cash Equivalents : £0.69 Mil (As of Jun. 2024)

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What is Fiinu Cash And Cash Equivalents?

Fiinu's quarterly cash and cash equivalents declined from Jun. 2023 (£4.29 Mil) to Dec. 2023 (£1.31 Mil) but then stayed the same from Dec. 2023 (£1.31 Mil) to Jun. 2024 (£0.69 Mil).

Fiinu's annual cash and cash equivalents increased from Mar. 2021 (£0.60 Mil) to Dec. 2022 (£7.05 Mil) but then declined from Dec. 2022 (£7.05 Mil) to Dec. 2023 (£1.31 Mil).

Fiinu Cash And Cash Equivalents Historical Data

The historical data trend for Fiinu'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.

Fiinu Cash And Cash Equivalents Chart

Fiinu Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Cash And Cash Equivalents

0.09

1.16

0.60

7.05

1.31

Fiinu Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial					3.58	7.05	4.29	1.31	0.69

Fiinu 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.

Fiinu (LSE:BANK) 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.

Fiinu Cash And Cash Equivalents Related Terms

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Fiinu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fiinu PLC (LSE:BANK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

LWW:Germany

Address

Baker Street, Ibex House, Weybridge, Surrey, GBR, KT13 8AH

Website

https://www.fiinu.com

Fiinu PLC is a digital banking platform intended to unbundle overdraft solutions without needing to switch banks. The company offers led interest income, deposit margin banking infrastructure provider and helps to manage budget or those short-term unexpected costs, in a simple and responsible way, thereby assisting individuals with short-term unexpected expenses while maintaining financial prudence to reshape banking into a hassle-free, transparent, and efficient journey.

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