Jayride Group (ASX:JAY) Cash And Cash Equivalents : A$1.21 Mil (As of Dec. 2023)

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What is Jayride Group Cash And Cash Equivalents?

Jayride Group's quarterly cash and cash equivalents declined from Dec. 2022 (A$4.92 Mil) to Jun. 2023 (A$2.52 Mil) but then stayed the same from Jun. 2023 (A$2.52 Mil) to Dec. 2023 (A$1.21 Mil).

Jayride Group's annual cash and cash equivalents increased from Jun. 2021 (A$3.04 Mil) to Jun. 2022 (A$3.69 Mil) but then declined from Jun. 2022 (A$3.69 Mil) to Jun. 2023 (A$2.52 Mil).

Jayride Group Cash And Cash Equivalents Historical Data

The historical data trend for Jayride 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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Jayride Group Cash And Cash Equivalents Chart

Jayride Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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1.45

0.96

3.04

3.69

2.52

Jayride Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial								5.59	3.69	4.92	2.52	1.21

Jayride 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.

Jayride Group (ASX:JAY) 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.

Jayride Group Cash And Cash Equivalents Related Terms

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Jayride Group (ASX:JAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jayride Group Ltd (ASX:JAY) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

11-17 York Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.jayride.com

Jayride Group Ltd operates as a transfer comparison site. It is an E-commerce marketplace where people can compare thousands of transfer companies and book a ride when it comes to travelling to an airport, hotel, residential address, tourist attraction or cruise ship terminal.

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