Parkmead Group (The) (LSE:PMG) Cash And Cash Equivalents : £9.20 Mil (As of Dec. 2023)

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What is Parkmead Group (The) Cash And Cash Equivalents?

Parkmead Group (The)'s quarterly cash and cash equivalents declined from Dec. 2022 (£19.18 Mil) to Jun. 2023 (£10.42 Mil) but then stayed the same from Jun. 2023 (£10.42 Mil) to Dec. 2023 (£9.20 Mil).

Parkmead Group (The)'s annual cash and cash equivalents increased from Jun. 2021 (£16.86 Mil) to Jun. 2022 (£17.35 Mil) but then declined from Jun. 2022 (£17.35 Mil) to Jun. 2023 (£10.42 Mil).

Parkmead Group (The) Cash And Cash Equivalents Historical Data

The historical data trend for Parkmead Group (The)'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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Parkmead Group (The) Cash And Cash Equivalents Chart

Parkmead Group (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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25.39

19.64

16.86

17.35

10.42

Parkmead Group (The) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															24.13	17.35	19.18	10.42	9.20

Parkmead Group (The) 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.

Parkmead Group (The) (LSE:PMG) 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.

Parkmead Group (The) Cash And Cash Equivalents Related Terms

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Parkmead Group (The) (LSE:PMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkmead Group (The) PLC (LSE:PMG) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

PMG.GB:UK

Address

4 Queen’s Terrace, Aberdeen, GBR, AB10 1XL

Website

https://www.parkmeadgroup.com

Parkmead Group (The) PLC is a UK-based independent oil and gas, exploration and production company. It produces natural gas from a portfolio of fields across the Netherlands. The firm has three segments namely Oil and gas exploration and production which invests in oil and gas exploration and production assets; the Energy economics segment that provides energy sector economics, valuation and benchmarking, advising on energy policies and fiscal matters, among others and the Renewables segment involves mixed farming activities as well as renewable energy opportunities. It generates a majority of its revenue from the oil and gas exploration and production segment.

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