Shriro Holdings (ASX:SHM) Cash, Cash Equivalents, Marketable Securities : A$24.3 Mil (As of Jun. 2024)

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What is Shriro Holdings Cash, Cash Equivalents, Marketable Securities?

Shriro Holdings's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 (A$32.78 Mil) to Dec. 2023 (A$28.25 Mil) but then stayed the same from Dec. 2023 (A$28.25 Mil) to Jun. 2024 (A$24.28 Mil).

Shriro Holdings's annual cash, cash equivalents, marketable securities increased from Jun. 2022 (A$12.87 Mil) to Jun. 2023 (A$32.78 Mil) but then declined from Jun. 2023 (A$32.78 Mil) to Jun. 2024 (A$24.28 Mil).

Shriro Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Shriro Holdings'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.

* Premium members only.

Shriro Holdings Cash, Cash Equivalents, Marketable Securities Chart

Shriro Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun22

Jun23

Jun24

Cash, Cash Equivalents, Marketable Securities

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5.97

17.57

12.87

32.78

24.28

Shriro Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial													12.87	6.40	32.78	28.25	24.28

Shriro Holdings 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.

Shriro Holdings (ASX:SHM) 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.

Shriro Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Shriro Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shriro Holdings Ltd (ASX:SHM) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

67 Albert Avenue, Level 7, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.shriro.com.au

Shriro Holdings Ltd is engaged in the marketing and distribution of home appliances and consumer electronics. Its brands include Casio, Robinhood, Everdure, and others. Its products include ovens, cooktops, range hoods, dishwashers, sinks, taps, ironing systems, laundry tubs, ducting solutions, watches, calculators, electronic musical instruments, projectors, point-of-sale terminals, barbeques, heaters, fans, air purifiers/ dehumidifiers, waste disposal, ducting solutions, fashion, car audio, professional DJ, amplifiers, Hi-Fi products and speakers, and accessories. Its segment includes Australia, New Zealand, and Rest of the world markets. The company derives the majority of its revenues from the Australian segment.