The Lottery (ASX:TLC) Cash And Cash Equivalents : A$721 Mil (As of Dec. 2023)

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What is The Lottery Cash And Cash Equivalents?

The Lottery's quarterly cash and cash equivalents declined from Dec. 2022 (A$437.70 Mil) to Jun. 2023 (A$434.50 Mil) but then increased from Jun. 2023 (A$434.50 Mil) to Dec. 2023 (A$720.90 Mil).

The Lottery's annual cash and cash equivalents increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$316.20 Mil) and increased from Jun. 2022 (A$316.20 Mil) to Jun. 2023 (A$434.50 Mil).

The Lottery Cash And Cash Equivalents Historical Data

The historical data trend for The Lottery'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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The Lottery Cash And Cash Equivalents Chart

The Lottery Annual Data

Trend

Jun22

Jun23

Cash And Cash Equivalents

316.20

434.50

The Lottery Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	350.00	316.20	437.70	434.50	720.90

The Lottery 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.

The Lottery (ASX:TLC) 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.

The Lottery Cash And Cash Equivalents Related Terms

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The Lottery (ASX:TLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Lottery Corp Ltd (ASX:TLC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

LTRCF:USA

Address

180 Ann Street, Level 8, Brisbane, QLD, AUS, 4000

Website

https://www.thelotterycorporation.com

The Lottery Corp is Australia's largest provider of lottery, Keno and instant scratch products, with long-dated and/or exclusive licences for lottery in all Australian states and territories except Western Australia, and in most states and territories for Keno. The Lottery Corp has a distribution network of over 3,800 franchised retailers selling instant scratch and lottery products through vendors such as newsagents, service stations, pharmacies, and convenience stores, in addition to online sales. Keno is sold in over 3,400 pubs and clubs.