John Lewis of Hungerford (LSE:JLH) Cash, Cash Equivalents, Marketable Securities : £0.68 Mil (As of Dec. 2022)

John Lewis of Hungerford Cash, Cash Equivalents, Marketable Securities Chart

John Lewis of Hungerford Annual Data
	Trend	Aug12	Aug13	Aug14	Aug15	Aug16	Aug17	Jun19	Jun20	Jun21	Jun22
Cash, Cash Equivalents, Marketable Securities		Get a 7-Day Free Trial					1.50	0.29	0.56	1.30	1.47

John Lewis of Hungerford Semi-Annual Data
	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.51	1.30	0.82	1.47	0.68

John Lewis of Hungerford 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.

John Lewis of Hungerford  (LSE:JLH) 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.

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John Lewis of Hungerford (LSE:JLH) Business Description