Glenveagh Properties (DUB:GVR) Cash, Cash Equivalents, Marketable Securities : €71.9 Mil (As of Dec. 2023)

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What is Glenveagh Properties Cash, Cash Equivalents, Marketable Securities?

Glenveagh Properties's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (€71.09 Mil) to Jun. 2023 (€61.75 Mil) but then increased from Jun. 2023 (€61.75 Mil) to Dec. 2023 (€71.86 Mil).

Glenveagh Properties's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (€141.18 Mil) to Dec. 2022 (€71.09 Mil) but then increased from Dec. 2022 (€71.09 Mil) to Dec. 2023 (€71.86 Mil).

Glenveagh Properties Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Glenveagh Properties'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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Glenveagh Properties Cash, Cash Equivalents, Marketable Securities Chart

Glenveagh Properties Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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93.22

137.28

141.18

71.09

71.86

Glenveagh Properties Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial							141.18	107.91	71.09	61.75	71.86

Glenveagh Properties 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.

Glenveagh Properties (DUB:GVR) 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.

Glenveagh Properties Cash, Cash Equivalents, Marketable Securities Related Terms

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Glenveagh Properties (DUB:GVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Glenveagh Properties PLC (DUB:GVR) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

Block B, Straffan Road, Maynooth Business Campus, Maynooth, Kildare, IRL, W23 W5X7

Website

https://www.glenveagh.ie/corporate

Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organised into three key reportable segments, 1) The Suburban segment is engaged in housing (with some low rise apartments) with demand coming from private buyers and institutions. 2) Urban segment is engaged in developing apartments to deliver to institutional investors. The apartments are located primarily in Dublin and Cork, but also on sites adjacent to significant rail transportation hubs. 3) Partnerships segment involves the Government, local authorities, or state agencies contributing their land on a reduced cost, or phased basis into a development agreement with Glenveagh. Approximately 50% of the product is delivered back to the government or local authority via social and affordable homes.

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