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Mpac Group (LSE:MPAC) Cash And Cash Equivalents : £6.0 Mil (As of Jun. 2024)


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What is Mpac Group Cash And Cash Equivalents?

Mpac Group's quarterly cash and cash equivalents increased from Jun. 2023 (£8.10 Mil) to Dec. 2023 (£11.00 Mil) but then stayed the same from Dec. 2023 (£11.00 Mil) to Jun. 2024 (£6.00 Mil).

Mpac Group's annual cash and cash equivalents declined from Dec. 2021 (£14.50 Mil) to Dec. 2022 (£4.20 Mil) but then increased from Dec. 2022 (£4.20 Mil) to Dec. 2023 (£11.00 Mil).

Mpac Group Cash And Cash Equivalents Historical Data

The historical data trend for Mpac 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.

* Premium members only.

Mpac Group Cash And Cash Equivalents Chart

Mpac Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.90 15.50 14.50 4.20 11.00

Mpac Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.50 4.20 8.10 11.00 6.00

Mpac 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.

Mpac Group  (LSE:MPAC) 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.

Mpac Group Cash And Cash Equivalents Related Terms

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Mpac Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mpac Group PLC (LSE:MPAC) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
Station Road, Station Estate, Tadcaster, North Yorkshire, GBR, LS24 9SG
Website
https://www.mpac-group.com
Mpac Group PLC is a technology and services company that provides specialist technology and services. It offers high-performance instrumentation, machinery, and analytical services to the Food and Beverage, healthcare and pharmaceutical, and other sectors. The company has two reportable segments namely the Original Equipment segment generates revenue from the make, pack, and test of high-speed packaging solutions, first-of-kind machinery and high specification automation, secondary packaging equipment, and at-line instrumentation solutions. Its Service segment generates revenue from sales of spare parts and providing service engineers and support staff customers. Geographically, it has a presence in (EMEA) Europe, Africa, the Middle East, the United States, and the Asia Pacific.