Cavendish Financial (LSE:CAV) Cash And Cash Equivalents : £12.34 Mil (As of Sep. 2023)

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What is Cavendish Financial Cash And Cash Equivalents?

Cavendish Financial's quarterly cash and cash equivalents declined from Sep. 2022 (£11.12 Mil) to Mar. 2023 (£9.36 Mil) but then increased from Mar. 2023 (£9.36 Mil) to Sep. 2023 (£12.34 Mil).

Cavendish Financial's annual cash and cash equivalents increased from Mar. 2021 (£20.43 Mil) to Mar. 2022 (£24.41 Mil) but then declined from Mar. 2022 (£24.41 Mil) to Mar. 2023 (£9.36 Mil).

Cavendish Financial Cash And Cash Equivalents Historical Data

The historical data trend for Cavendish Financial'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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Cavendish Financial Cash And Cash Equivalents Chart

Cavendish Financial Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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4.52

4.70

20.43

24.41

9.36

Cavendish Financial Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial									22.59	24.41	11.12	9.36	12.34

Cavendish Financial 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.

Cavendish Financial (LSE:CAV) 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.

Cavendish Financial Cash And Cash Equivalents Related Terms

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Cavendish Financial (LSE:CAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cavendish Financial Plc (LSE:CAV) » Definitions » Cash And Cash Equivalents

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Address

1 Bartholomew Close, London, GBR, EC1A 7BL

Website

https://www.finncapcavendish.com

Cavendish Financial Plc is one of the UK's leading mid-market M&A advisers with unrivalled expertise in sell-side M&A, buy-side M&A, debt advisory and private fundraising services. The Group provides a range of services to both public and private companies, from equity raising in capital markets to M&A, debt advisory, and private growth capital.

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