Foley Wines (NZSE:FWL) Cash And Cash Equivalents : NZ$1.24 Mil (As of Dec. 2023)

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What is Foley Wines Cash And Cash Equivalents?

Foley Wines's quarterly cash and cash equivalents declined from Dec. 2022 (NZ$0.19 Mil) to Jun. 2023 (NZ$0.01 Mil) but then increased from Jun. 2023 (NZ$0.01 Mil) to Dec. 2023 (NZ$1.24 Mil).

Foley Wines's annual cash and cash equivalents declined from Jun. 2021 (NZ$2.56 Mil) to Jun. 2022 (NZ$0.35 Mil) and declined from Jun. 2022 (NZ$0.35 Mil) to Jun. 2023 (NZ$0.01 Mil).

Foley Wines Cash And Cash Equivalents Historical Data

The historical data trend for Foley Wines'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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Foley Wines Cash And Cash Equivalents Chart

Foley Wines Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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3.45

5.92

2.56

0.35

0.01

Foley Wines Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															6.46	0.35	0.19	0.01	1.24

Foley Wines 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.

Foley Wines (NZSE:FWL) 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.

Foley Wines Cash And Cash Equivalents Related Terms

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Foley Wines (NZSE:FWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Foley Wines Ltd (NZSE:FWL) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

13 Waihopai Valley Road, RD6, Blenheim, MBH, NZL, 7276

Website

https://www.foleywines.co.nz

Foley Wines Ltd is a wine company that produces table wines and markets and sells premium wines in New Zealand and various export markets. The company's vineyards are in Marlborough and Martinborough, New Zealand. The company earns majority of its revenue from sale of bottled wines. It sells its products in New Zealand, Australia, the United States, Canada, the United Kingdom, Europe, and the rest of the world.

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