Ramsdens Holdings (LSE:RFX) Cash And Cash Equivalents : £13.02 Mil (As of Sep. 2023)

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What is Ramsdens Holdings Cash And Cash Equivalents?

Ramsdens Holdings's quarterly cash and cash equivalents declined from Sep. 2022 (£15.28 Mil) to Mar. 2023 (£11.43 Mil) but then increased from Mar. 2023 (£11.43 Mil) to Sep. 2023 (£13.02 Mil).

Ramsdens Holdings's annual cash and cash equivalents increased from Sep. 2021 (£13.03 Mil) to Sep. 2022 (£15.28 Mil) but then declined from Sep. 2022 (£15.28 Mil) to Sep. 2023 (£13.02 Mil).

Ramsdens Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Ramsdens 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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Ramsdens Holdings Cash And Cash Equivalents Chart

Ramsdens Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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14.62

13.42

13.03

15.28

13.02

Ramsdens Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial											13.03	10.72	15.28	11.43	13.02

Ramsdens 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.

Ramsdens Holdings (LSE:RFX) 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.

Ramsdens Holdings Cash And Cash Equivalents Related Terms

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Ramsdens Holdings (LSE:RFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Ramsdens Holdings PLC (LSE:RFX) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

RSDEF:USA

Address

The Parkway Centre, Unit 16, Coulby Newham, Middlesbrough, GBR, TS8 0TJ

Website

https://www.ramsdensplc.com

Ramsdens Holdings PLC is a diversified financial services provider and retailer operating in the following core segments - Foreign currency segment which comprises the sale and purchase of foreign currency notes to holidaymakers; Pawnbroking segment, which involves providing a cash loan in return for jewellery and watches; Purchases of precious metals segment, involves buying unwanted jewellery, gold, and other precious metals from customers for cash; Retail Jewellery segment and Income from other financial services. Maximum revenue is generated by the Retail Jewellery segment. Geographically, it derives a majority of revenue from the United Kingdom.

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