Freedom Care Group Holdings (ASX:FCG) Cash And Cash Equivalents : A$3.78 Mil (As of Dec. 2023)

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What is Freedom Care Group Holdings Cash And Cash Equivalents?

Freedom Care Group Holdings's quarterly cash and cash equivalents increased from Jun. 2022 (A$0.92 Mil) to Dec. 2022 (A$2.31 Mil) and increased from Dec. 2022 (A$2.31 Mil) to Dec. 2023 (A$3.78 Mil).

Freedom Care Group Holdings's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2021 (A$0.40 Mil) and increased from Jun. 2021 (A$0.40 Mil) to Jun. 2022 (A$0.92 Mil).

Freedom Care Group Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Freedom Care Group Holdings'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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Freedom Care Group Holdings Cash And Cash Equivalents Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Cash And Cash Equivalents

0.40

0.92

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Cash And Cash Equivalents	0.40	0.92	2.31	3.78

Freedom Care Group Holdings 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.

Freedom Care Group Holdings (ASX:FCG) 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.

Freedom Care Group Holdings Cash And Cash Equivalents Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.