ST Group Food Industries Holdings (SGX:DRX) Cash, Cash Equivalents, Marketable Securities : S$6.92 Mil (As of Dec. 2023)

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What is ST Group Food Industries Holdings Cash, Cash Equivalents, Marketable Securities?

ST Group Food Industries Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (S$8.03 Mil) to Jun. 2023 (S$6.71 Mil) but then increased from Jun. 2023 (S$6.71 Mil) to Dec. 2023 (S$6.92 Mil).

ST Group Food Industries Holdings's annual cash, cash equivalents, marketable securities declined from Jun. 2021 (S$9.96 Mil) to Jun. 2022 (S$7.74 Mil) and declined from Jun. 2022 (S$7.74 Mil) to Jun. 2023 (S$6.71 Mil).

ST Group Food Industries Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for ST Group Food Industries Holdings'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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ST Group Food Industries Holdings Cash, Cash Equivalents, Marketable Securities Chart

ST Group Food Industries Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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3.97

8.13

9.96

7.74

6.71

ST Group Food Industries Holdings Semi-Annual Data
	Jun16	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										11.10	7.74	8.03	6.71	6.92

ST Group Food Industries Holdings 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.

ST Group Food Industries Holdings (SGX:DRX) 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.

ST Group Food Industries Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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ST Group Food Industries Holdings (SGX:DRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » ST Group Food Industries Holdings Ltd (SGX:DRX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

120-130 Turner Street, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

http://www.stgroup.net.au

ST Group Food Industries Holdings Ltd is an investment holding company. The company's operating segment includes Food and beverage retails; Supply chain; Franchise and Others. It generates maximum revenue from the Food and beverage retails segment. The food and beverage retails segment includes operations to all franchise and Group-owned restaurants and stores. Its supply chain segment predominantly includes the manufacturing, procurement and distribution of food, equipment and supplies to restaurants and stores from the group's supply chain center operations in Australia. Geographically, it derives a majority of revenue from Australia and also has a presence in Malaysia; New Zealand, and the United Kingdom.

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