Embark Early Education (ASX:EVO) Cash, Cash Equivalents, Marketable Securities : A$24.95 Mil (As of Dec. 2023)

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What is Embark Early Education Cash, Cash Equivalents, Marketable Securities?

Embark Early Education's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (A$16.29 Mil) to Jun. 2023 (A$24.16 Mil) and increased from Jun. 2023 (A$24.16 Mil) to Dec. 2023 (A$24.95 Mil).

Embark Early Education's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (A$45.13 Mil) to Dec. 2022 (A$16.29 Mil) but then increased from Dec. 2022 (A$16.29 Mil) to Dec. 2023 (A$24.95 Mil).

Embark Early Education Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Embark Early Education's Cash, Cash Equivalents, Marketable Securities 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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Embark Early Education Cash, Cash Equivalents, Marketable Securities Chart

Embark Early Education Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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24.39

38.03

45.13

16.29

24.95

Embark Early Education Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial												45.13	12.37	16.29	24.16	24.95

Embark Early Education Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Embark Early Education (ASX:EVO) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Embark Early Education Cash, Cash Equivalents, Marketable Securities Related Terms

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Embark Early Education (ASX:EVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Embark Early Education Ltd (ASX:EVO) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

120-122 Siganto Drive, Suite 102, Level 1, M1 Connect Business Hub, Helensvale, Gold Coast, QLD, AUS, 4212

Website

https://www.embarkeducation.com.au

Embark Early Education Ltd is a company that is engaged in the provision and management of an early childhood education service that gives parents and caregivers the option of which service suits their child's learning and care needs. The Group reports operating segments by geographical location, namely New Zealand and Australia. The majority of revenue is from the New Zealand segment. The principal activities of the Company include the management of high-quality early childhood education centres.