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CMO Group (LSE:CMO) Cash And Cash Equivalents : £4.67 Mil (As of Jun. 2023)


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What is CMO Group Cash And Cash Equivalents?

CMO Group's quarterly cash and cash equivalents declined from Jun. 2022 (£7.29 Mil) to Dec. 2022 (£6.21 Mil) but then stayed the same from Dec. 2022 (£6.21 Mil) to Jun. 2023 (£4.67 Mil).

CMO Group's annual cash and cash equivalents increased from Dec. 2020 (£6.05 Mil) to Dec. 2021 (£9.08 Mil) but then declined from Dec. 2021 (£9.08 Mil) to Dec. 2022 (£6.21 Mil).


CMO Group Cash And Cash Equivalents Historical Data

The historical data trend for CMO Group'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.

CMO Group Cash And Cash Equivalents Chart

CMO Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Cash And Cash Equivalents
1.89 2.48 6.05 9.08 6.21

CMO Group Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only 9.06 9.08 7.29 6.21 4.67

CMO Group 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.


CMO Group  (LSE:CMO) 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.


CMO Group Cash And Cash Equivalents Related Terms

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CMO Group (LSE:CMO) Business Description

Traded in Other Exchanges
N/A
Address
Burrington Way, Burrington Business Park, Plymouth, GBR, PL5 3LX
CMO Group PLC is the largest online-only retailer of building materials, serving both trade and home improvement or DIY customers.

CMO Group (LSE:CMO) Headlines

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