SRT Marine Systems (LSE:SRT) Cash And Cash Equivalents : £3.93 Mil (As of Sep. 2023)

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What is SRT Marine Systems Cash And Cash Equivalents?

SRT Marine Systems's quarterly cash and cash equivalents increased from Sep. 2022 (£1.52 Mil) to Mar. 2023 (£2.18 Mil) and increased from Mar. 2023 (£2.18 Mil) to Sep. 2023 (£3.93 Mil).

SRT Marine Systems's annual cash and cash equivalents increased from Mar. 2021 (£5.29 Mil) to Mar. 2022 (£5.93 Mil) but then declined from Mar. 2022 (£5.93 Mil) to Mar. 2023 (£2.18 Mil).

SRT Marine Systems Cash And Cash Equivalents Historical Data

The historical data trend for SRT Marine Systems'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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SRT Marine Systems Cash And Cash Equivalents Chart

SRT Marine Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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3.94

0.92

5.29

5.93

2.18

SRT Marine Systems 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															2.00	5.93	1.52	2.18	3.93

SRT Marine Systems 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.

SRT Marine Systems (LSE:SRT) 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.

SRT Marine Systems Cash And Cash Equivalents Related Terms

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SRT Marine Systems (LSE:SRT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SRT Marine Systems PLC (LSE:SRT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

6S7:Germany

Address

Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS

Website

http://www.srt-marine.com

SRT Marine Systems PLC develops and delivers advanced maritime domain awareness technologies, products, and systems, with expertise in Automatic Identification Systems. The company's major customers are system integrators, marine electronics companies, individual vessel operators, port owners and operators, and national authorities. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, and others. The company has developed three core system products, VTS (ports, waterways, and infrastructure), VMS (Fisheries monitoring and management) and MDM (Coastal Surveillance) systems. Its largest end market by revenue is in the Middle East.