My Food Bag Group (NZSE:MFB) Cash, Cash Equivalents, Marketable Securities : NZ$0.2 Mil (As of Sep. 2023)

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What is My Food Bag Group Cash, Cash Equivalents, Marketable Securities?

My Food Bag Group's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 (NZ$0.13 Mil) to Mar. 2023 (NZ$0.15 Mil) and increased from Mar. 2023 (NZ$0.15 Mil) to Sep. 2023 (NZ$0.15 Mil).

My Food Bag Group's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (NZ$1.60 Mil) to Mar. 2022 (NZ$5.91 Mil) but then declined from Mar. 2022 (NZ$5.91 Mil) to Mar. 2023 (NZ$0.15 Mil).

My Food Bag Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for My Food Bag Group'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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My Food Bag Group Cash, Cash Equivalents, Marketable Securities Chart

My Food Bag Group Annual Data

Trend

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

1.60

5.91

0.15

My Food Bag Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			1.84	5.91	0.13	0.15	0.15

My Food Bag Group 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.

My Food Bag Group (NZSE:MFB) 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.

My Food Bag Group Cash, Cash Equivalents, Marketable Securities Related Terms

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My Food Bag Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » My Food Bag Group Ltd (NZSE:MFB) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

56 Parnell Road, Level 3, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.myfoodbag.co.nz

My Food Bag Group Ltd operates in the fast-growing online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue primarily by the volume of bags delivered to customers and the average order value of bags delivered.

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