PSC Insurance Group (ASX:PSI) Cash, Cash Equivalents, Marketable Securities : A$334.8 Mil (As of Dec. 2023)

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What is PSC Insurance Group Cash, Cash Equivalents, Marketable Securities?

PSC Insurance Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$343.10 Mil) to Jun. 2023 (A$73.79 Mil) but then increased from Jun. 2023 (A$73.79 Mil) to Dec. 2023 (A$334.83 Mil).

PSC Insurance Group's annual cash, cash equivalents, marketable securities increased from Jun. 2021 (A$48.77 Mil) to Jun. 2022 (A$106.87 Mil) but then declined from Jun. 2022 (A$106.87 Mil) to Jun. 2023 (A$73.79 Mil).

PSC Insurance Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for PSC Insurance Group'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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PSC Insurance Group Cash, Cash Equivalents, Marketable Securities Chart

PSC Insurance Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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133.00

26.03

48.77

106.87

73.79

PSC Insurance Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial												299.88	106.87	343.10	73.79	334.83

PSC Insurance Group 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.

PSC Insurance Group (ASX:PSI) 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.

PSC Insurance Group Cash, Cash Equivalents, Marketable Securities Related Terms

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PSC Insurance Group (ASX:PSI) Business Description

Industry

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Traded in Other Exchanges

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Address

96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.pscinsurancegroup.com.au

PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the U.K. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The U.K. business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.