Zenova Group (LSE:ZED) Cash And Cash Equivalents : £0.04 Mil (As of May. 2024)

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What is Zenova Group Cash And Cash Equivalents?

Zenova Group's quarterly cash and cash equivalents declined from May. 2023 (£0.31 Mil) to Nov. 2023 (£0.10 Mil) but then stayed the same from Nov. 2023 (£0.10 Mil) to May. 2024 (£0.04 Mil).

Zenova Group's annual cash and cash equivalents declined from Nov. 2021 (£2.94 Mil) to Nov. 2022 (£0.78 Mil) and declined from Nov. 2022 (£0.78 Mil) to Nov. 2023 (£0.10 Mil).

Zenova Group Cash And Cash Equivalents Historical Data

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

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Cash And Cash Equivalents

0.20

2.94

0.78

0.10

Zenova Group Semi-Annual Data
	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Cash And Cash Equivalents	Get a 7-Day Free Trial			1.70	0.78	0.31	0.10	0.04

Zenova 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.

Zenova Group (LSE:ZED) 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.

Zenova Group Cash And Cash Equivalents Related Terms

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Zenova Group Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture, and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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