Xref (ASX:XF1) Cash And Cash Equivalents : A$3.62 Mil (As of Dec. 2023)

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What is Xref Cash And Cash Equivalents?

Xref's quarterly cash and cash equivalents declined from Dec. 2022 (A$11.45 Mil) to Jun. 2023 (A$6.84 Mil) but then stayed the same from Jun. 2023 (A$6.84 Mil) to Dec. 2023 (A$3.62 Mil).

Xref's annual cash and cash equivalents increased from Jun. 2021 (A$8.13 Mil) to Jun. 2022 (A$11.67 Mil) but then declined from Jun. 2022 (A$11.67 Mil) to Jun. 2023 (A$6.84 Mil).

Xref Cash And Cash Equivalents Historical Data

The historical data trend for Xref's Cash And Cash Equivalents 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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Xref Cash And Cash Equivalents Chart

Xref Annual Data

Trend

Mar14

Mar15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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8.04

2.87

8.13

11.67

6.84

Xref Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															10.44	11.67	11.45	6.84	3.62

Xref Cash And Cash Equivalents 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.

Xref (ASX:XF1) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Xref Cash And Cash Equivalents Related Terms

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Xref (ASX:XF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xref Ltd (ASX:XF1) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Hickson Road, Suite 13, Level 3, Dawes Point, Sydney, NSW, AUS, 2000

Website

https://www.xref.com

Xref Ltd is a human resources technology company that automates the candidate reference process for employers. It is involved in leveraging databases to provide predictive analytics that enables human resource directors to make data-driven decisions. The company transforms the phone-based, manual procedure into a cloud-based, electronic process. It requests referee information from the candidate and gathers other information, analyses the candidate, and provides the report. Geographically, it derives a majority of its revenue from Australia and also has a presence in Canada; the United Kingdom; Norway; New Zealand, and the United States.

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