London Security (LSE:LSC) Cash And Cash Equivalents : £32.7 Mil (As of Dec. 2023)

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What is London Security Cash And Cash Equivalents?

London Security's quarterly cash and cash equivalents declined from Dec. 2022 (£33.96 Mil) to Jun. 2023 (£33.21 Mil) but then stayed the same from Jun. 2023 (£33.21 Mil) to Dec. 2023 (£32.74 Mil).

London Security's annual cash and cash equivalents declined from Dec. 2021 (£35.68 Mil) to Dec. 2022 (£33.96 Mil) and declined from Dec. 2022 (£33.96 Mil) to Dec. 2023 (£32.74 Mil).

London Security Cash And Cash Equivalents Historical Data

The historical data trend for London Security'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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London Security Cash And Cash Equivalents Chart

London Security Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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27.14

37.46

35.68

33.96

32.74

London Security Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															35.68	35.26	33.96	33.21	32.74

London Security 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.

London Security (LSE:LSC) 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.

London Security Cash And Cash Equivalents Related Terms

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London Security (LSE:LSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » London Security PLC (LSE:LSC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Jubilee Way, Premier House, Elland, West Yorkshire, GBR, HX5 9DY

Website

https://www.londonsecurity.org

London Security PLC is an investment holding company that provides fire protection services and products. The business activity of the group functions through the United Kingdom, Belgium, the Netherlands, Austria, France, Germany, Denmark and Luxembourg. It derives revenue from the Outright sale of equipment, Maintenance, service, installation and Equipment rental activity. The company products are marketed under Nu-Swift, Ansul, Total; and Premier and Master brand names. The group operates in a single segment being g the provision and maintenance of fire protection and security equipment in Europe.

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