Gryphon Capitalome Trust (ASX:GCI) Cash, Cash Equivalents, Marketable Securities : A$5.17 Mil (As of Dec. 2023)

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What is Gryphon Capitalome Trust Cash, Cash Equivalents, Marketable Securities?

Gryphon Capitalome Trust's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (A$16.20 Mil) to Jun. 2023 (A$22.70 Mil) but then stayed the same from Jun. 2023 (A$22.70 Mil) to Dec. 2023 (A$5.17 Mil).

Gryphon Capitalome Trust's annual cash, cash equivalents, marketable securities increased from Jun. 2021 (A$7.67 Mil) to Jun. 2022 (A$8.98 Mil) and increased from Jun. 2022 (A$8.98 Mil) to Jun. 2023 (A$22.70 Mil).

Gryphon Capitalome Trust Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Gryphon Capitalome Trust'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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Gryphon Capitalome Trust Cash, Cash Equivalents, Marketable Securities Chart

Gryphon Capitalome Trust Annual Data

Trend

Jun17

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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1.60

15.12

7.67

8.98

22.70

Gryphon Capitalome Trust Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial						6.10	8.98	16.20	22.70	5.17

Gryphon Capitalome Trust 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.

Gryphon Capitalome Trust (ASX:GCI) 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.

Gryphon Capitalome Trust Cash, Cash Equivalents, Marketable Securities Related Terms

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Gryphon Capitalome Trust (ASX:GCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gryphon Capital Income Trust (ASX:GCI) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Governor Macquarie Tower, Level 16,1 Farrer Place, Sydney, NSW, AUS, 2000

Website

https://www.gcapinvest.com

Gryphon Capital Income Trust is an asset management company focused on secured credit investments in fixed income markets in both Europe and Australia. The investment objective of the firm is to deliver strong risk-adjusted returns by investing in a high conviction portfolio of Investment Grade Australian Residential Mortgage-Backed Securities and Other Asset-Backed Securities with a strong focus on capital preservation.