Trustpilot Group (LSE:TRST) Cash And Cash Equivalents : £72.3 Mil (As of Dec. 2023)

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What is Trustpilot Group Cash And Cash Equivalents?

Trustpilot Group's quarterly cash and cash equivalents increased from Dec. 2022 (£60.31 Mil) to Jun. 2023 (£65.52 Mil) and increased from Jun. 2023 (£65.52 Mil) to Dec. 2023 (£72.26 Mil).

Trustpilot Group's annual cash and cash equivalents declined from Dec. 2021 (£70.07 Mil) to Dec. 2022 (£60.31 Mil) but then increased from Dec. 2022 (£60.31 Mil) to Dec. 2023 (£72.26 Mil).

Trustpilot Group Cash And Cash Equivalents Historical Data

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

Trustpilot Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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26.72

37.49

70.07

60.31

72.26

Trustpilot Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial					70.07	59.66	60.31	65.52	72.26

Trustpilot 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.

Trustpilot Group (LSE:TRST) 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.

Trustpilot Group Cash And Cash Equivalents Related Terms

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Trustpilot Group (LSE:TRST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Trustpilot Group PLC (LSE:TRST) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

TRSTl:UK

Address

21 Mincing Lane, 5th Floor The Minster Building, London, GBR, EC3R 7AG

Website

https://www.trustpilot.com

Trustpilot Group PLC is a global review platform in an emerging and growing category. It seeks to provide a trust layer for the open commerce ecosystem by giving consumers the confidence to purchase goods and services from a wide range of online and offline businesses across the world.