Made Tech Group (LSE:MTEC) Cash And Cash Equivalents : £7.88 Mil (As of Nov. 2023)

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What is Made Tech Group Cash And Cash Equivalents?

Made Tech Group's quarterly cash and cash equivalents declined from Nov. 2022 (£8.95 Mil) to May. 2023 (£8.47 Mil) but then stayed the same from May. 2023 (£8.47 Mil) to Nov. 2023 (£7.88 Mil).

Made Tech Group's annual cash and cash equivalents increased from May. 2021 (£0.92 Mil) to May. 2022 (£12.33 Mil) but then declined from May. 2022 (£12.33 Mil) to May. 2023 (£8.47 Mil).

Made Tech Group Cash And Cash Equivalents Historical Data

The historical data trend for Made Tech 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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Made Tech Group Cash And Cash Equivalents Chart

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

Cash And Cash Equivalents

1.15

0.99

0.92

12.33

8.47

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash And Cash Equivalents	Get a 7-Day Free Trial				11.15	12.33	8.95	8.47	7.88

Made Tech 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.

Made Tech Group (LSE:MTEC) 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.

Made Tech Group Cash And Cash Equivalents Related Terms

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Made Tech Group (LSE:MTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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