Mind Gym (LSE:MIND) Cash And Cash Equivalents : £0.75 Mil (As of Sep. 2024)

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What is Mind Gym Cash And Cash Equivalents?

Mind Gym's quarterly cash and cash equivalents declined from Sep. 2023 (£2.07 Mil) to Mar. 2024 (£1.37 Mil) but then stayed the same from Mar. 2024 (£1.37 Mil) to Sep. 2024 (£0.75 Mil).

Mind Gym's annual cash and cash equivalents declined from Mar. 2022 (£10.02 Mil) to Mar. 2023 (£7.59 Mil) and declined from Mar. 2023 (£7.59 Mil) to Mar. 2024 (£1.37 Mil).

Mind Gym Cash And Cash Equivalents Historical Data

The historical data trend for Mind Gym'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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Mind Gym Cash And Cash Equivalents Chart

Mind Gym Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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15.95

16.83

10.02

7.59

1.37

Mind Gym Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial												4.51	7.59	2.07	1.37	0.75

Mind Gym 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.

Mind Gym (LSE:MIND) 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.

Mind Gym Cash And Cash Equivalents Related Terms

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Mind Gym Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mind Gym PLC (LSE:MIND) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

160 Kensington High Street, London, GBR, W8 7RG

Website

https://www.themindgym.com

Mind Gym PLC is an international behavioural science company delivering business improvement solutions to companies across the world. The firm provides solutions like performance management, management development, reorganization, personal effectiveness, onboarding, employee engagement, and customer service. The group has two operating segments; EMEA (comprising the United Kingdom, Singapore, and the United Arab Emirates) and America (comprising the United States and Canada). It derives revenue from the provision of human capital and business improvement solutions.