Radius Residential Care (NZSE:RAD) Cash, Cash Equivalents, Marketable Securities : NZ$2.4 Mil (As of Mar. 2024)

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What is Radius Residential Care Cash, Cash Equivalents, Marketable Securities?

Radius Residential Care's quarterly cash, cash equivalents, marketable securities increased from Mar. 2023 (NZ$0.52 Mil) to Sep. 2023 (NZ$0.91 Mil) and increased from Sep. 2023 (NZ$0.91 Mil) to Mar. 2024 (NZ$2.35 Mil).

Radius Residential Care's annual cash, cash equivalents, marketable securities declined from Mar. 2022 (NZ$2.09 Mil) to Mar. 2023 (NZ$0.52 Mil) but then increased from Mar. 2023 (NZ$0.52 Mil) to Mar. 2024 (NZ$2.35 Mil).

Radius Residential Care Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Radius Residential Care'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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Radius Residential Care Cash, Cash Equivalents, Marketable Securities Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash, Cash Equivalents, Marketable Securities

2.30

2.76

2.09

0.52

2.35

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			2.09	0.13	0.52	0.91	2.35

Radius Residential Care 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.

Radius Residential Care (NZSE:RAD) 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.

Radius Residential Care Cash, Cash Equivalents, Marketable Securities Related Terms

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Radius Residential Care (NZSE:RAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The Company operates in one operating segment being the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility and/or communication.

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