Greencore Group (LSE:GNC) Cash And Cash Equivalents : £117 Mil (As of Sep. 2023)

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What is Greencore Group Cash And Cash Equivalents?

Greencore Group's quarterly cash and cash equivalents declined from Sep. 2022 (£99.60 Mil) to Mar. 2023 (£68.30 Mil) but then increased from Mar. 2023 (£68.30 Mil) to Sep. 2023 (£116.50 Mil).

Greencore Group's annual cash and cash equivalents declined from Sep. 2021 (£119.10 Mil) to Sep. 2022 (£99.60 Mil) but then increased from Sep. 2022 (£99.60 Mil) to Sep. 2023 (£116.50 Mil).

Greencore Group Cash And Cash Equivalents Historical Data

The historical data trend for Greencore 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.

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Greencore Group Cash And Cash Equivalents Chart

Greencore Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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265.00

267.00

119.10

99.60

116.50

Greencore Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															119.10	82.30	99.60	68.30	116.50

Greencore 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.

Greencore Group (LSE:GNC) 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.

Greencore Group Cash And Cash Equivalents Related Terms

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Greencore Group (LSE:GNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (LSE:GNC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GNCGY:USA GNCGF:USA GNCl:UK GCG:Germany GCG:Germany

Address

No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.

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