Sureserve Group (LSE:SUR) Cash And Cash Equivalents : £12.8 Mil (As of Mar. 2023)

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What is Sureserve Group Cash And Cash Equivalents?

Sureserve Group's quarterly cash and cash equivalents increased from Mar. 2022 (£8.86 Mil) to Sep. 2022 (£19.32 Mil) but then stayed the same from Sep. 2022 (£19.32 Mil) to Mar. 2023 (£12.78 Mil).

Sureserve Group's annual cash and cash equivalents increased from Sep. 2020 (£9.68 Mil) to Sep. 2021 (£16.44 Mil) and increased from Sep. 2021 (£16.44 Mil) to Sep. 2022 (£19.32 Mil).

Sureserve Group Cash And Cash Equivalents Historical Data

The historical data trend for Sureserve 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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Sureserve Group Cash And Cash Equivalents Chart

Sureserve Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Cash And Cash Equivalents

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1.71

2.45

9.68

16.44

19.32

Sureserve Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Cash And Cash Equivalents	Get a 7-Day Free Trial															9.65	16.44	8.86	19.32	12.78

Sureserve 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.

Sureserve Group (LSE:SUR) 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.

Sureserve Group Cash And Cash Equivalents Related Terms

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Sureserve Group (LSE:SUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sureserve Group PLC (LSE:SUR) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Crossways Business Park, Crossways Point 15, Victory Way, Dartford, Kent, GBR, DA2 6DT

Website

https://www.sureservegroup.co.uk

Sureserve Group PLC is a compliance and energy support services group that performs critical functions in homes, and public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Its services are delivered through two divisions: Compliance and Energy Services. The Compliance segment is focused on gas, fire, electrics, air, water, and lifts where it contracts under framework agreements. The Energy Services offers services in the energy efficiency sector, including external, internal, and cavity wall insulation, loft insulation, gas central heating, boiler upgrades, and other renewable technologies. All revenue and profit of the company are derived from operations in the United Kingdom.

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