AVADA Group (ASX:AVD) Cash And Cash Equivalents : A$4.3 Mil (As of Dec. 2023)

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What is AVADA Group Cash And Cash Equivalents?

AVADA Group's quarterly cash and cash equivalents increased from Dec. 2022 (A$4.28 Mil) to Jun. 2023 (A$10.83 Mil) but then stayed the same from Jun. 2023 (A$10.83 Mil) to Dec. 2023 (A$4.30 Mil).

AVADA Group's annual cash and cash equivalents increased from Jun. 2021 (A$0.00 Mil) to Jun. 2022 (A$2.75 Mil) and increased from Jun. 2022 (A$2.75 Mil) to Jun. 2023 (A$10.83 Mil).

AVADA Group Cash And Cash Equivalents Historical Data

The historical data trend for AVADA Group'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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AVADA Group Cash And Cash Equivalents Chart

AVADA Group Annual Data

Trend

Jun21

Jun22

Jun23

Cash And Cash Equivalents

2.75

10.83

AVADA Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	2.16	2.75	4.28	10.83	4.30

AVADA Group 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.

AVADA Group (ASX:AVD) 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.

AVADA Group Cash And Cash Equivalents Related Terms

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AVADA Group (ASX:AVD) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

116 Ipswich Road, Suite 1, Level 2, Woolloongabba, QLD, AUS, 4102

Website

https://www.avadagroup.com.au

AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has two reportable segments: Queensland Traffic Management and New South Wales Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and major contractors in the civil infrastructure and maintenance sector.