Abacus Storage King (ASX:ASK) Cash And Cash Equivalents : A$70.50 Mil (As of Dec. 2023)

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What is Abacus Storage King Cash And Cash Equivalents?

Abacus Storage King's quarterly cash and cash equivalents increased from Jun. 2022 (A$38.03 Mil) to Dec. 2022 (A$147.10 Mil) but then stayed the same from Dec. 2022 (A$147.10 Mil) to Dec. 2023 (A$70.50 Mil).

Abacus Storage King's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2021 (A$16.02 Mil) and increased from Jun. 2021 (A$16.02 Mil) to Jun. 2022 (A$38.03 Mil).

Abacus Storage King Cash And Cash Equivalents Historical Data

The historical data trend for Abacus Storage King'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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Abacus Storage King Cash And Cash Equivalents Chart

Abacus Storage King Annual Data

Trend

Jun21

Jun22

Cash And Cash Equivalents

16.02

38.03

Abacus Storage King Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Cash And Cash Equivalents	16.02	38.03	147.10	70.50

Abacus Storage King 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.

Abacus Storage King (ASX:ASK) 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.

Abacus Storage King Cash And Cash Equivalents Related Terms

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Abacus Storage King (ASX:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Abacus Storage King (ASX:ASK) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000

Website

https://www.abacusgroup.com.au

Abacus Storage King REIT is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.

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