GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OFX Group Ltd (OTCPK:OZFRY) » Definitions » Cash And Cash Equivalents

OFX Group (OFX Group) Cash And Cash Equivalents : $233.0 Mil (As of Mar. 2024)


View and export this data going back to 2014. Start your Free Trial

What is OFX Group Cash And Cash Equivalents?

OFX Group's quarterly cash and cash equivalents declined from Mar. 2023 ($291.63 Mil) to Sep. 2023 ($223.03 Mil) but then increased from Sep. 2023 ($223.03 Mil) to Mar. 2024 ($233.02 Mil).

OFX Group's annual cash and cash equivalents increased from Mar. 2022 ($222.62 Mil) to Mar. 2023 ($291.63 Mil) but then declined from Mar. 2023 ($291.63 Mil) to Mar. 2024 ($233.02 Mil).

OFX Group Cash And Cash Equivalents Historical Data

The historical data trend for OFX 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.

* Premium members only.

OFX Group Cash And Cash Equivalents Chart

OFX Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.65 212.23 222.62 291.63 233.02

OFX Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 222.62 282.33 291.63 223.03 233.02

OFX 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.

OFX Group  (OTCPK:OZFRY) 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.

OFX Group Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of OFX Group's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

OFX Group (OFX Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OFX Group Ltd (OTCPK:OZFRY) » Definitions » Cash And Cash Equivalents
Comparable Companies
ASX:BFG ASX:PPS ASX:COG ASX:WHF ASX:LNK ASX:SWF ASX:RZI ASX:AFA ASX:ASW ASX:BIR MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW HKSE:03908
Traded in Other Exchanges
OFX:Australia
Address
60 Margaret Street, Level 19, Sydney, NSW, AUS, 2000
Website
https://www.ofx.com
OFX Group Ltd is a low-cost international multicurrency payments provider via its online platform and network of global bank accounts. The company's two products are international payment services and international payment solutions. Its International payment services are monitored by geographic region and provide bank to bank currency transfers servicing businesses and consumers. International payment solutions are monitored globally and provide strategic partners with a package which includes: OFX IT platform; client service; compliance; banking relationships; and payment capabilities.