Safestay (LSE:SSTY) Cash, Cash Equivalents, Marketable Securities : £7.26 Mil (As of Jun. 2023)

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What is Safestay Cash, Cash Equivalents, Marketable Securities?

Safestay's quarterly cash, cash equivalents, marketable securities increased from Jun. 2022 (£5.22 Mil) to Dec. 2022 (£5.23 Mil) and increased from Dec. 2022 (£5.23 Mil) to Jun. 2023 (£7.26 Mil).

Safestay's annual cash, cash equivalents, marketable securities increased from Dec. 2020 (£2.13 Mil) to Dec. 2021 (£4.48 Mil) and increased from Dec. 2021 (£4.48 Mil) to Dec. 2022 (£5.23 Mil).

Safestay Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Safestay'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.

* Premium members only.

Safestay Cash, Cash Equivalents, Marketable Securities Chart

Safestay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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9.86

2.95

2.13

4.48

5.23

Safestay Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial													16.23	4.48	5.22	5.23	7.26

Safestay 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.

Safestay (LSE:SSTY) 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.

Safestay Cash, Cash Equivalents, Marketable Securities Related Terms

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Safestay (LSE:SSTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Safestay PLC (LSE:SSTY) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

1a Kingsley Way, London, GBR, N2 0FW

Website

https://www.safestay.com

Safestay PLC owns and operates a luxurious hostel group in the United Kingdom. It operates backpacker tourist hostels under the Safestay brand. Its property portfolio includes Safestay London Elephant and Castle, Pisa, Glassglow and York among others providing four, six, eight, twelve bunk bedded dorms with en-suite facilities, as well as single, twin, double, and family bunk rooms with tea/coffee making facilities and televisions. Its segments are Hostel accommodation, Food and Beverages sales, Rental Income and Other income. Geographically, it has operations in the UK and Europe and generates a vast majority of its revenue from the UK.

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