Bens Creek Group (LSE:BEN) Cash, Cash Equivalents, Marketable Securities : £0.96 Mil (As of Sep. 2023)

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What is Bens Creek Group Cash, Cash Equivalents, Marketable Securities?

Bens Creek Group's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 (£6.49 Mil) to Mar. 2023 (£0.39 Mil) but then increased from Mar. 2023 (£0.39 Mil) to Sep. 2023 (£0.96 Mil).

Bens Creek Group's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (£0.00 Mil) to Mar. 2022 (£4.22 Mil) but then declined from Mar. 2022 (£4.22 Mil) to Mar. 2023 (£0.39 Mil).

Bens Creek Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Bens Creek Group'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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Bens Creek Group Cash, Cash Equivalents, Marketable Securities Chart

Bens Creek Group Annual Data

Trend

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

4.22

0.39

Bens Creek Group Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.06	4.22	6.49	0.39	0.96

Bens Creek Group 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.

Bens Creek Group (LSE:BEN) 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.

Bens Creek Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Bens Creek Group (LSE:BEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bens Creek Group PLC (LSE:BEN) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

BENCF:USA

Address

15 Stratton Street, London, GBR, W1J 8LQ

Website

https://www.benscreek.com

Bens Creek Group PLC owns and operates metallurgical coal mines in North America. Its main country of operation is the United States of America. The company is engaged in Ben's creek mining project situated in the southern part of the state of West Virginia and the eastern edge of the Commonwealth of Kentucky. The company has two geographical segment, the United Kingdom and the United States of America ("USA"). Activities in the UK are mainly administrative in nature whilst the activities in the USA relate to coal production and sale of coal. Geographically the company derives the majority of its revenue from USA.