Vela Technologies (LSE:VELA) Cash And Cash Equivalents : £0.03 Mil (As of Sep. 2023)

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What is Vela Technologies Cash And Cash Equivalents?

Vela Technologies's quarterly cash and cash equivalents increased from Sep. 2022 (£0.65 Mil) to Mar. 2023 (£0.72 Mil) but then stayed the same from Mar. 2023 (£0.72 Mil) to Sep. 2023 (£0.03 Mil).

Vela Technologies's annual cash and cash equivalents declined from Mar. 2021 (£2.15 Mil) to Mar. 2022 (£0.96 Mil) and declined from Mar. 2022 (£0.96 Mil) to Mar. 2023 (£0.72 Mil).

Vela Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Vela Technologies'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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Vela Technologies Cash And Cash Equivalents Chart

Vela Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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0.02

0.01

2.15

0.96

0.72

Vela Technologies 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															2.52	0.96	0.65	0.72	0.03

Vela Technologies 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.

Vela Technologies (LSE:VELA) 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.

Vela Technologies Cash And Cash Equivalents Related Terms

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Vela Technologies (LSE:VELA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vela Technologies PLC (LSE:VELA) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

IBNN:Germany

Address

Mill Field Road, 15 Victoria Mews, Cottingley Business Park, Bingley, West Yorkshire, GBR, BD16 1PY

Website

http://www.velatechplc.com

Vela Technologies PLC a UK-based investment company based in London which is engaged in acquiring and consolidating holdings in the small and medium-sized enterprise (SME's), which are active in the development of emergent technologies. It operates through a single segment of Investments in the United Kingdom. It mainly focuses on investment in companies which are based in the UK or Europe with the number of opportunities to acquire interests in undervalued or pre-commercialization technologies and companies. The company seeks to deliver consistent growth, performance, and strong returns to shareholders by building a diverse portfolio of pre-IPO technology investments.

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