1414 Degrees (ASX:14D) Cash And Cash Equivalents : A$1.44 Mil (As of Dec. 2023)

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What is 1414 Degrees Cash And Cash Equivalents?

1414 Degrees's quarterly cash and cash equivalents increased from Dec. 2022 (A$1.25 Mil) to Jun. 2023 (A$1.95 Mil) but then stayed the same from Jun. 2023 (A$1.95 Mil) to Dec. 2023 (A$1.44 Mil).

1414 Degrees's annual cash and cash equivalents declined from Jun. 2021 (A$5.71 Mil) to Jun. 2022 (A$3.55 Mil) and declined from Jun. 2022 (A$3.55 Mil) to Jun. 2023 (A$1.95 Mil).

1414 Degrees Cash And Cash Equivalents Historical Data

The historical data trend for 1414 Degrees's Cash And Cash Equivalents 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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1414 Degrees Cash And Cash Equivalents Chart

1414 Degrees Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

9.72

4.40

5.71

3.55

1.95

1414 Degrees Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial							3.82	3.55	1.25	1.95	1.44

1414 Degrees Cash And Cash Equivalents 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.

1414 Degrees (ASX:14D) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

1414 Degrees Cash And Cash Equivalents Related Terms

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1414 Degrees (ASX:14D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » 1414 Degrees Ltd (ASX:14D) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

136 Daws Road, Melrose Park, Sydney, SA, AUS, 5039

Website

https://www.1414degrees.com.au

1414 Degrees Ltd is focused on storing and output of electric power. The company patented thermal energy storage system (TESS) storing energy as latent heat in running silicon. It delivers an output of heat and electricity is sourced from renewables or the grid and is stored as latent heat at a constant temperature. Geographically, it operates only in Australia.

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