RC365 Holding (LSE:RCGH) Cash And Cash Equivalents : £1.73 Mil (As of Sep. 2023)

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What is RC365 Holding Cash And Cash Equivalents?

RC365 Holding's quarterly cash and cash equivalents declined from Sep. 2022 (£1.87 Mil) to Mar. 2023 (£1.00 Mil) but then increased from Mar. 2023 (£1.00 Mil) to Sep. 2023 (£1.73 Mil).

RC365 Holding's annual cash and cash equivalents increased from Mar. 2021 (£0.40 Mil) to Mar. 2022 (£2.27 Mil) but then declined from Mar. 2022 (£2.27 Mil) to Mar. 2023 (£1.00 Mil).

RC365 Holding Cash And Cash Equivalents Historical Data

The historical data trend for RC365 Holding'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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RC365 Holding Cash And Cash Equivalents Chart

RC365 Holding Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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0.27

0.87

0.40

2.27

1.00

RC365 Holding Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial				2.63	2.27	1.87	1.00	1.73

RC365 Holding 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.

RC365 Holding (LSE:RCGH) 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.

RC365 Holding Cash And Cash Equivalents Related Terms

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RC365 Holding (LSE:RCGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RC365 Holding PLC (LSE:RCGH) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

L2G:Germany

Address

78 Cannon Street, Cannon Place, London, GBR, EC4N 6AF

Website

https://www.rc365plc.com

RC365 Holding PLC focuses on payment gateway solutions and IT support and security services. Its segments include Payment gateway solutions (online and offline), which provide an efficient and secure payment gateway service aimed at facilitating the growing banking needs of the Asian community for cross-border payment services. IT support and security services, which provides IT technical support services, cyber security consulting services, and portal support services to its clients. The Group offers its services to a range of different customers, individuals, local SME retail groups, or cross-border customers and will continue to seek to maintain its customer-centric approach, delivering the possible service.

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