Mirvac Group (Mirvac Group) Cash And Cash Equivalents : $152 Mil (As of Dec. 2023)

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What is Mirvac Group Cash And Cash Equivalents?

Mirvac Group's quarterly cash and cash equivalents increased from Dec. 2022 ($45.21 Mil) to Jun. 2023 ($81.88 Mil) and increased from Jun. 2023 ($81.88 Mil) to Dec. 2023 ($151.94 Mil).

Mirvac Group's annual cash and cash equivalents increased from Jun. 2021 ($89.45 Mil) to Jun. 2022 ($392.13 Mil) but then declined from Jun. 2022 ($392.13 Mil) to Jun. 2023 ($81.88 Mil).

Mirvac Group Cash And Cash Equivalents Historical Data

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

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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93.06

223.60

89.45

392.13

81.88

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															50.07	392.13	45.21	81.88	151.94

Mirvac 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.

Mirvac Group (OTCPK:MRVGF) 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.

Mirvac Group Cash And Cash Equivalents Related Terms

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Mirvac Group (Mirvac Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (OTCPK:MRVGF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

MJB:Germany MGR:Australia

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

Mirvac Group (Mirvac Group) Headlines

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Half Year 2024 Mirvac Group Earnings Call Transcript

By GuruFocus Research • 02-10-2024