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SRT Marine Systems (LSE:SRT) Cash, Cash Equivalents, Marketable Securities : £3.93 Mil (As of Sep. 2023)


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What is SRT Marine Systems Cash, Cash Equivalents, Marketable Securities?

SRT Marine Systems's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 (£1.52 Mil) to Mar. 2023 (£2.18 Mil) and increased from Mar. 2023 (£2.18 Mil) to Sep. 2023 (£3.93 Mil).

SRT Marine Systems's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (£5.29 Mil) to Mar. 2022 (£5.93 Mil) but then declined from Mar. 2022 (£5.93 Mil) to Mar. 2023 (£2.18 Mil).


SRT Marine Systems Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for SRT Marine Systems'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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SRT Marine Systems Cash, Cash Equivalents, Marketable Securities Chart

SRT Marine Systems Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.94 0.92 5.29 5.93 2.18

SRT Marine Systems Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 5.93 1.52 2.18 3.93

SRT Marine Systems 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.


SRT Marine Systems  (LSE:SRT) 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.


SRT Marine Systems Cash, Cash Equivalents, Marketable Securities Related Terms

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SRT Marine Systems Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SRT Marine Systems PLC (LSE:SRT) » Definitions » Cash, Cash Equivalents, Marketable Securities
Traded in Other Exchanges
Address
Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS
SRT Marine Systems PLC develops and delivers advanced maritime domain awareness technologies, products, and systems, with expertise in Automatic Identification Systems. The company's major customers are system integrators, marine electronics companies, individual vessel operators, port owners and operators, and national authorities. The company currently operates in the following geographical markets: Europe, Middle East, North America, the United Kingdom, and others. The company has developed three core system products, VTS (ports, waterways, and infrastructure), VMS (Fisheries monitoring and management) and MDM (Coastal Surveillance) systems. Its largest end market by revenue is in the Middle East.