New Zealand Kinglmon Investments (New Zealand Kinglmon Investments) Cash, Cash Equivalents, Marketable Securities : $16.6 Mil (As of Jan. 2024)

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What is New Zealand Kinglmon Investments Cash, Cash Equivalents, Marketable Securities?

New Zealand Kinglmon Investments's quarterly cash, cash equivalents, marketable securities increased from Jan. 2023 ($12.31 Mil) to Jul. 2023 ($17.86 Mil) but then stayed the same from Jul. 2023 ($17.86 Mil) to Jan. 2024 ($16.60 Mil).

New Zealand Kinglmon Investments's annual cash, cash equivalents, marketable securities increased from Jan. 2022 ($1.96 Mil) to Jan. 2023 ($12.31 Mil) and increased from Jan. 2023 ($12.31 Mil) to Jan. 2024 ($16.60 Mil).

New Zealand Kinglmon Investments Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for New Zealand Kinglmon Investments'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.

New Zealand Kinglmon Investments Cash, Cash Equivalents, Marketable Securities Chart

New Zealand Kinglmon Investments Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jan22

Jan23

Jan24

Cash, Cash Equivalents, Marketable Securities

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4.11

4.59

1.96

12.31

16.60

New Zealand Kinglmon Investments Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial										1.96	12.27	12.31	17.86	16.60

New Zealand Kinglmon Investments 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.

New Zealand Kinglmon Investments (OTCPK:NZKSF) 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.

New Zealand Kinglmon Investments Cash, Cash Equivalents, Marketable Securities Related Terms

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New Zealand Kinglmon Investments (New Zealand Kinglmon Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Zealand King Salmon Investments Ltd (OTCPK:NZKSF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

NZK:New Zealand NZK:Australia

Address

17 Bullen Street, Tahunanui, Nelson, STL, NZL, 7011

Website

https://www.kingsalmon.co.nz

New Zealand King Salmon Investments Ltd is engaged in the farming, processing, and sale of salmon products. Its brands include Regal, Southern Ocean, Omega Plus, Ora King, and King Salmon. Its product range includes Whole fish; Fillets, Steaks & Portions; Wood Roasted; Cold Smoked; and Others. The company's geographical area of revenue are North America, Australia, Japan, China, Europe, Others and majority being from New Zealand.

New Zealand Kinglmon Investments (New Zealand Kinglmon Investments) Headlines

From GuruFocus

Full Year 2023 New Zealand King Salmon Investments Ltd Earnings Call Transcript

By GuruFocus Research • 03-27-2024