Ventia Services Group (ASX:VNT) Cash And Cash Equivalents : A$364 Mil (As of Jun. 2024)

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What is Ventia Services Group Cash And Cash Equivalents?

Ventia Services Group's quarterly cash and cash equivalents increased from Jun. 2023 (A$321.00 Mil) to Dec. 2023 (A$338.70 Mil) and increased from Dec. 2023 (A$338.70 Mil) to Jun. 2024 (A$363.60 Mil).

Ventia Services Group's annual cash and cash equivalents increased from Dec. 2021 (A$180.20 Mil) to Dec. 2022 (A$280.00 Mil) and increased from Dec. 2022 (A$280.00 Mil) to Dec. 2023 (A$338.70 Mil).

Ventia Services Group Cash And Cash Equivalents Historical Data

The historical data trend for Ventia Services Group'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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Ventia Services Group Cash And Cash Equivalents Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

180.20

280.00

338.70

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial			234.20	280.00	321.00	338.70	363.60

Ventia Services Group 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.

Ventia Services Group (ASX:VNT) 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.

Ventia Services Group Cash And Cash Equivalents Related Terms

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Ventia Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ventia Services Group Ltd (ASX:VNT) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.