Freedom Care Group Holdings (ASX:FCG) Cash, Cash Equivalents, Marketable Securities : A$3.78 Mil (As of Dec. 2023)

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What is Freedom Care Group Holdings Cash, Cash Equivalents, Marketable Securities?

Freedom Care Group Holdings's quarterly cash, cash equivalents, marketable securities increased from Jun. 2022 (A$0.92 Mil) to Dec. 2022 (A$2.31 Mil) and increased from Dec. 2022 (A$2.31 Mil) to Dec. 2023 (A$3.78 Mil).

Freedom Care Group Holdings's annual cash, cash equivalents, marketable securities increased from . 20 (A$0.00 Mil) to Jun. 2021 (A$0.40 Mil) and increased from Jun. 2021 (A$0.40 Mil) to Jun. 2022 (A$0.92 Mil).

Freedom Care Group Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Freedom Care Group Holdings'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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Freedom Care Group Holdings Cash, Cash Equivalents, Marketable Securities Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Cash, Cash Equivalents, Marketable Securities

0.40

0.92

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Cash, Cash Equivalents, Marketable Securities	0.40	0.92	2.31	3.78

Freedom Care Group Holdings 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.

Freedom Care Group Holdings (ASX:FCG) 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.

Freedom Care Group Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.