Hiro Brands (ASX:HRO) Cash And Cash Equivalents : A$0.00 Mil (As of Dec. 2021)

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What is Hiro Brands Cash And Cash Equivalents?

Hiro Brands's quarterly cash and cash equivalents declined from Dec. 2020 (A$0.06 Mil) to Jun. 2021 (A$0.02 Mil) but then stayed the same from Jun. 2021 (A$0.02 Mil) to Dec. 2021 (A$0.00 Mil).

Hiro Brands's annual cash and cash equivalents declined from Jun. 2020 (A$1.04 Mil) to Jun. 2021 (A$0.02 Mil) and declined from Jun. 2021 (A$0.02 Mil) to Jun. 2022 (A$0.00 Mil).

Hiro Brands Cash And Cash Equivalents Historical Data

The historical data trend for Hiro Brands'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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Hiro Brands Cash And Cash Equivalents Chart

Hiro Brands Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Cash And Cash Equivalents

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0.23

1.04

0.02

Hiro Brands Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Cash And Cash Equivalents	Get a 7-Day Free Trial								1.04	0.06	0.02	-	-

Hiro Brands 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.

Hiro Brands (ASX:HRO) 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.

Hiro Brands Cash And Cash Equivalents Related Terms

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Hiro Brands (ASX:HRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hiro Brands Ltd (ASX:HRO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Dalmore Drive, Scoresby, Melbourne, VIC, AUS, 3179

Website

https://www.hirobrands.com

Hiro Brands Ltd provides a range of trusted and quality home care, personal care and cosmetic care products. The consumer products manufacturing includes ranges in skin and sun care, cosmetics, personal care, household cleaning. The company also markets a wide range of colour cosmetics and an impressive portfolio of exclusive distributor brands. Hiro brands include Organic Choice, Aware Sensitive, Orange Power, MUD, Ulta3, Billie Goat, Trix, Medi Manager and Actizyme.

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