Sanford (NZSE:SAN) Cash And Cash Equivalents : NZ$6.5 Mil (As of Mar. 2024)

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What is Sanford Cash And Cash Equivalents?

Sanford's quarterly cash and cash equivalents declined from Mar. 2023 (NZ$11.41 Mil) to Sep. 2023 (NZ$6.81 Mil) but then stayed the same from Sep. 2023 (NZ$6.81 Mil) to Mar. 2024 (NZ$6.55 Mil).

Sanford's annual cash and cash equivalents increased from Sep. 2021 (NZ$3.93 Mil) to Sep. 2022 (NZ$9.53 Mil) but then declined from Sep. 2022 (NZ$9.53 Mil) to Sep. 2023 (NZ$6.81 Mil).

Sanford Cash And Cash Equivalents Historical Data

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

Sanford Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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8.32

2.96

3.93

9.53

6.81

Sanford Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															5.42	9.53	11.41	6.81	6.55

Sanford 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.

Sanford (NZSE:SAN) 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.

Sanford Cash And Cash Equivalents Related Terms

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Sanford (NZSE:SAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sanford Ltd (NZSE:SAN) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

SARDY:USA

Address

22 Jellicoe Street, Freemans Bay, Auckland, NTL, NZL, 1010

Website

https://www.sanford.co.nz

Sanford Ltd is a seafood company principally engaged in the fishing and aquaculture farming business. The activities of the company include farming, harvesting, processing, storage, and marketing of seafood products, and investments in related activities. The operating divisions of the group are Wildcatch and Aquaculture. Its Wildcatch segment involves catching and processing inshore and deepwater fish species whereas the Aquaculture segment involves farming, harvesting, and processing of mussels and salmon. Some of the company's seafood products include Antarctic toothfish, Arrow squid, Gemfish, Scampi, Snapper, King Salmon, Jack mackerel, Ling, and others. Geographically it derives the majority of its revenue from New Zealand.