Propel Funeral Partners (Propel Funeral Partners) Cash, Cash Equivalents, Marketable Securities : $5.8 Mil (As of Dec. 2023)

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What is Propel Funeral Partners Cash, Cash Equivalents, Marketable Securities?

Propel Funeral Partners's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 ($4.51 Mil) to Jun. 2023 ($31.46 Mil) but then stayed the same from Jun. 2023 ($31.46 Mil) to Dec. 2023 ($5.81 Mil).

Propel Funeral Partners's annual cash, cash equivalents, marketable securities declined from Jun. 2021 ($5.73 Mil) to Jun. 2022 ($5.53 Mil) but then increased from Jun. 2022 ($5.53 Mil) to Jun. 2023 ($31.46 Mil).

Propel Funeral Partners Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Propel Funeral Partners'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.

Propel Funeral Partners Cash, Cash Equivalents, Marketable Securities Chart

Propel Funeral Partners Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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3.67

37.20

5.73

5.53

31.46

Propel Funeral Partners Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								6.12	5.53	4.51	31.46	5.81

Propel Funeral Partners 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.

Propel Funeral Partners (OTCPK:PFPLF) 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.

Propel Funeral Partners Cash, Cash Equivalents, Marketable Securities Related Terms

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Propel Funeral Partners (Propel Funeral Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Propel Funeral Partners Ltd (OTCPK:PFPLF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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PFP:Australia

Address

135 King Street, Level 18.03, Sydney, NSW, AUS, 2000

Website

https://www.propelfuneralpartners.com.au

Propel Funeral Partners Ltd is an Australia-based company engaged in the provision of death care services. The company owns funeral homes, cremation facilities, cemeteries, and related infrastructure in Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, Australian Capital Territory, and New Zealand. It offers a range of services and products across death care such as tailored to personal, religious, or ethnic preferences. The Group is organized into two geographic segments, Australian operations, and New Zealand operations, both of which operate in the death care-related services industry. The Group generates the majority of its revenue from the Australia operations.

Propel Funeral Partners (Propel Funeral Partners) Headlines

From GuruFocus

Half Year 2024 Propel Funeral Partners Ltd Earnings Call Transcript

By GuruFocus Research • 02-28-2024