HomeCo Daily Needs REIT (ASX:HDN) Cash, Cash Equivalents, Marketable Securities : A$14.6 Mil (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is HomeCo Daily Needs REIT Cash, Cash Equivalents, Marketable Securities?

HomeCo Daily Needs REIT's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$20.90 Mil) to Jun. 2023 (A$16.20 Mil) but then stayed the same from Jun. 2023 (A$16.20 Mil) to Dec. 2023 (A$14.60 Mil).

HomeCo Daily Needs REIT's annual cash, cash equivalents, marketable securities increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$23.20 Mil) but then declined from Jun. 2022 (A$23.20 Mil) to Jun. 2023 (A$16.20 Mil).

HomeCo Daily Needs REIT Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for HomeCo Daily Needs REIT'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.

HomeCo Daily Needs REIT Cash, Cash Equivalents, Marketable Securities Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

23.20

16.20

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	5.90	23.20	20.90	16.20	14.60

HomeCo Daily Needs REIT 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.

HomeCo Daily Needs REIT (ASX:HDN) 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.

HomeCo Daily Needs REIT Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of HomeCo Daily Needs REIT's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

HomeCo Daily Needs REIT (ASX:HDN) Headlines

No Headlines