wrkr (ASX:WRK) Cash, Cash Equivalents, Marketable Securities : A$2.08 Mil (As of Dec. 2023)

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What is wrkr Cash, Cash Equivalents, Marketable Securities?

wrkr's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$5.02 Mil) to Jun. 2023 (A$4.11 Mil) but then stayed the same from Jun. 2023 (A$4.11 Mil) to Dec. 2023 (A$2.08 Mil).

wrkr's annual cash, cash equivalents, marketable securities declined from Jun. 2021 (A$2.73 Mil) to Jun. 2022 (A$1.28 Mil) but then increased from Jun. 2022 (A$1.28 Mil) to Jun. 2023 (A$4.11 Mil).

wrkr Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for wrkr'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.

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wrkr Cash, Cash Equivalents, Marketable Securities Chart

wrkr Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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1.46

0.99

2.73

1.28

4.11

wrkr Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial										1.17	1.28	5.02	4.11	2.08

wrkr 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.

wrkr (ASX:WRK) 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.

wrkr Cash, Cash Equivalents, Marketable Securities Related Terms

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wrkr (ASX:WRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » wrkr Ltd (ASX:WRK) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Goulburn Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.inpaytech.com.au

wrkr Ltd, formerly Integrated Payment Technologies Ltd develops technology to facilitate the secure storage and transmission of data concerning payments. Its services include ClickSuper Service, Payment Adviser Service, and Bill Exchange Service. The company's only operating segment is engaged in the provision of services that enable its customers to meet their regulatory compliance across the hire-to-retire life cycle. It does that by facilitating the transfer of data and payments between regulated authorities and participants of the ecosystem (HR/payrolls, Accountants, Banks, APRA, SMSF Funds, and federal departments like the ATO). It operates in the one geographical segment of Australia.