Zigup (LSE:ZIG) Cash And Cash Equivalents : £40 Mil (As of Apr. 2024)

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What is Zigup Cash And Cash Equivalents?

Zigup's quarterly cash and cash equivalents increased from Apr. 2023 (£14.12 Mil) to Oct. 2023 (£29.65 Mil) and increased from Oct. 2023 (£29.65 Mil) to Apr. 2024 (£39.80 Mil).

Zigup's annual cash and cash equivalents declined from Apr. 2022 (£24.56 Mil) to Apr. 2023 (£14.12 Mil) but then increased from Apr. 2023 (£14.12 Mil) to Apr. 2024 (£39.80 Mil).

Zigup Cash And Cash Equivalents Historical Data

The historical data trend for Zigup'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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Zigup Cash And Cash Equivalents Chart

Zigup Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash And Cash Equivalents

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67.84

11.17

24.56

14.12

39.80

Zigup Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Cash And Cash Equivalents	Get a 7-Day Free Trial															24.56	18.96	14.12	29.65	39.80

Zigup 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.

Zigup (LSE:ZIG) 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.

Zigup Cash And Cash Equivalents Related Terms

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Zigup Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zigup PLC (LSE:ZIG) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

ZIGl:UK 21W:Germany

Address

Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ

Website

https://www.reddenorthgate.com

Redde Northgate PLC provides integrated mobility solutions to businesses and personal customers. These solutions comprise vehicle rental services, accident and incident management services, repair & maintenance services, vehicle disposal and other ancillary services to keep customers mobile. It is engaged in the group functions through the following segments: the Northgate UK&I, Northgate Spain, and Redde. The company generates maximum revenue from the Northgate UK&I segment. Geographically, the business presence of the firm is seen across the region of the UK, Spain, and the Republic of Ireland.