Mercantile Ports and Logistics (LSE:MPL) Cash, Cash Equivalents, Marketable Securities : £6.40 Mil (As of Jun. 2023)

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What is Mercantile Ports and Logistics Cash, Cash Equivalents, Marketable Securities?

Mercantile Ports and Logistics's quarterly cash, cash equivalents, marketable securities declined from Jun. 2022 (£2.01 Mil) to Dec. 2022 (£0.39 Mil) but then increased from Dec. 2022 (£0.39 Mil) to Jun. 2023 (£6.40 Mil).

Mercantile Ports and Logistics's annual cash, cash equivalents, marketable securities increased from Dec. 2020 (£2.30 Mil) to Dec. 2021 (£4.57 Mil) but then declined from Dec. 2021 (£4.57 Mil) to Dec. 2022 (£0.39 Mil).

Mercantile Ports and Logistics Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Mercantile Ports and Logistics'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.

Mercantile Ports and Logistics Cash, Cash Equivalents, Marketable Securities Chart

Mercantile Ports and Logistics Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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13.11

14.82

2.30

4.57

0.39

Mercantile Ports and Logistics Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1.68	4.57	2.01	0.39	6.40

Mercantile Ports and Logistics 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.

Mercantile Ports and Logistics (LSE:MPL) 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.

Mercantile Ports and Logistics Cash, Cash Equivalents, Marketable Securities Related Terms

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Mercantile Ports and Logistics (LSE:MPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mercantile Ports and Logistics Ltd (LSE:MPL) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

MPL.GB:UK 9KS0:Germany

Address

Le Bordage Road, 1st Floor, Tudor House, Saint Peter Port, GGY, GY1 1DB

Website

https://www.mercpl.com

Mercantile Ports and Logistics Ltd develops, owns, and operates port and logistics facilities. The site of the company's first project is at Karanja Creek in the Raigad district of Maharashtra, where it intends to develop and operate a modern and efficient port and logistics complex. At the Karanja port, the company focuses on mid-stream discharge and loading of cargo while vessels wait at anchorage for a berth in JNPT, and coastal movement of cargoes, such as containers, cement, and other break-bulk cargo, which typically ply in smaller vessels. The company has only one operating and geographic segment, being the project on hand in India. The company generates the majority of its revenue from lease income operations.

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