Cash on hand $2,699
Less
(Dividend to be paid $0.7x 1320m shares = $924m)
Current Tax Liab $1,542
Remaining cash on hand $233m
Strip the above out of current assets and current liabilities:
Adjusted Current Assets: $3,810 - $2,699+ $233= $1,344
Adjusted Current Liabilities:$2532- $1,542= $990
Utilising these adjustments adjusted CA-CL = $354
So company is being conservative and making sure its balance sheet and liquidity is very strong.
Conclusion: They made the right decision re quantum of dividend to be paid.
And because their balance sheet is a fortress, their September interim dividend will be good.
Cash on hand $2,699Less (Dividend to be paid $0.7x 1320m shares...
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$6.13 |
Change
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Mkt cap ! $8.094B | |||
| Open | High | Low | Value | Volume |
| $6.10 | $6.15 | $5.98 | $21.37M | 3.517M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 506 | $6.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.14 | 38113 | 6 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| YAL (ASX) Chart |