Bay Capital (LSE:BAY) Cash, Cash Equivalents, Marketable Securities : £6.07 Mil (As of Dec. 2023)

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What is Bay Capital Cash, Cash Equivalents, Marketable Securities?

Bay Capital's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (£6.46 Mil) to Jun. 2023 (£6.34 Mil) but then stayed the same from Jun. 2023 (£6.34 Mil) to Dec. 2023 (£6.07 Mil).

Bay Capital's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (£6.72 Mil) to Dec. 2022 (£6.46 Mil) and declined from Dec. 2022 (£6.46 Mil) to Dec. 2023 (£6.07 Mil).

Bay Capital Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Bay Capital'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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Bay Capital Cash, Cash Equivalents, Marketable Securities Chart

Bay Capital Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

6.72

6.46

6.07

Bay Capital Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	-	6.57	6.46	6.34	6.07

Bay Capital 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.

Bay Capital (LSE:BAY) 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.

Bay Capital Cash, Cash Equivalents, Marketable Securities Related Terms

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Bay Capital (LSE:BAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bay Capital PLC (LSE:BAY) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

28 Esplanade, Channel Islands, St. Helier, JEY, JE2 3QA

Website

https://www.baycapitalplc.com

Bay Capital PLC is focused to drive shareholder value through the acquisition of target companies in certain sectors where the Directors believe there to be sustainable growth opportunities both organically and through acquisition. The company is seeking fundamentally sound assets, where tangible opportunities exist to drive strategic, operational, and performance improvements.

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