GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Argosy Property Ltd (NZSE:ARG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Argosy Property (NZSE:ARG) Cash, Cash Equivalents, Marketable Securities : NZ$1.5 Mil (As of Sep. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Argosy Property Cash, Cash Equivalents, Marketable Securities?

Argosy Property's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (NZ$2.02 Mil) to Mar. 2024 (NZ$1.83 Mil) but then stayed the same from Mar. 2024 (NZ$1.83 Mil) to Sep. 2024 (NZ$1.46 Mil).

Argosy Property's annual cash, cash equivalents, marketable securities increased from Mar. 2022 (NZ$1.66 Mil) to Mar. 2023 (NZ$2.06 Mil) but then declined from Mar. 2023 (NZ$2.06 Mil) to Mar. 2024 (NZ$1.83 Mil).


Argosy Property Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Argosy Property'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.

Argosy Property Cash, Cash Equivalents, Marketable Securities Chart

Argosy Property Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.86 1.76 1.66 2.06 1.83

Argosy Property Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 1.56 2.06 2.02 1.83 1.46

Argosy Property 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.


Argosy Property  (NZSE:ARG) 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.


Argosy Property Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Argosy Property's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.


Argosy Property Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Argosy Property Ltd (NZSE:ARG) » Definitions » Cash, Cash Equivalents, Marketable Securities
Traded in Other Exchanges
N/A
Address
Victoria Street West, P.O. Box 90214, 39 Market Place, Auckland, NTL, NZL, 1142
Argosy Property Ltd's business activity is to invest in and actively manage properties, including Industrial, Office and Large Format Retail properties, predominantly in Auckland and New Zealand. The company's portfolio is centred on the Auckland and Wellington markets and is diversified by industrial, office and Large format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centers, and entertainment venues.

Argosy Property Headlines

No Headlines