ALFABS AUSTRALIA (ASX:AAL) Cash, Cash Equivalents, Marketable Securities : A$6.76 Mil (As of Dec. 2024)

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What is ALFABS AUSTRALIA Cash, Cash Equivalents, Marketable Securities?

ALFABS AUSTRALIA's quarterly cash, cash equivalents, marketable securities declined from Dec. 2023 (A$34.40 Mil) to Jun. 2024 (A$23.60 Mil) but then stayed the same from Jun. 2024 (A$23.60 Mil) to Dec. 2024 (A$6.76 Mil).

ALFABS AUSTRALIA's annual cash, cash equivalents, marketable securities stayed the same from . 20 (A$0.00 Mil) to . 20 (A$0.00 Mil) but then increased from . 20 (A$0.00 Mil) to Jun. 2024 (A$23.60 Mil).

ALFABS AUSTRALIA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for ALFABS AUSTRALIA's Cash, Cash Equivalents, Marketable Securities 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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ALFABS AUSTRALIA Cash, Cash Equivalents, Marketable Securities Chart

ALFABS AUSTRALIA Annual Data

Trend

Jun24

Cash, Cash Equivalents, Marketable Securities

23.60

ALFABS AUSTRALIA Semi-Annual Data
	Dec23	Jun24	Dec24
Cash, Cash Equivalents, Marketable Securities	34.40	23.60	6.76

ALFABS AUSTRALIA Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

ALFABS AUSTRALIA (ASX:AAL) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

ALFABS AUSTRALIA Cash, Cash Equivalents, Marketable Securities Related Terms

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ALFABS AUSTRALIA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ALFABS AUSTRALIA Ltd (ASX:AAL) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

152 Mitchell Avenue, Kurri Kurri, Cessnock, NSW, AUS, 2327

Website

https://www.alfabs.com.au

ALFABS AUSTRALIA Ltd is a company that provides a design-to-delivery solution for its clients across heavy steel fabrication, construction and maintenance services, mining equipment, protective coatings, and transport. Its reportable segments are Mining, Engineering, and Other. The Mining segment which derives maximum revenue for the company is engaged in the manufacture, repair, overhaul servicing, and hire of underground mining and ancillary equipment together with sales of mining-related consumables and spare parts. The Engineering segment is involved in heavy steel fabrication, site installation works, and site-based maintenance; and the Other segment represents head office and ancillary businesses including protective coatings and transport.