MOBI Industry Co (SAU:9517) Cash And Cash Equivalents : ﷼20.9 Mil (As of Dec. 2023)

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What is MOBI Industry Co Cash And Cash Equivalents?

MOBI Industry Co's quarterly cash and cash equivalents increased from Dec. 2022 (﷼6.33 Mil) to Jun. 2023 (﷼7.90 Mil) and increased from Jun. 2023 (﷼7.90 Mil) to Dec. 2023 (﷼20.85 Mil).

MOBI Industry Co's annual cash and cash equivalents declined from Dec. 2021 (﷼7.75 Mil) to Dec. 2022 (﷼6.33 Mil) but then increased from Dec. 2022 (﷼6.33 Mil) to Dec. 2023 (﷼20.85 Mil).

MOBI Industry Co Cash And Cash Equivalents Historical Data

The historical data trend for MOBI Industry Co'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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MOBI Industry Co Cash And Cash Equivalents Chart

MOBI Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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9.54

9.64

7.75

6.33

20.85

MOBI Industry Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial				7.75	4.81	6.33	7.90	20.85

MOBI Industry Co 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.

MOBI Industry Co (SAU:9517) 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.

MOBI Industry Co Cash And Cash Equivalents Related Terms

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MOBI Industry Co (SAU:9517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MOBI Industry Co (SAU:9517) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

220 Second Industrial City Street, Riyadh, SAU

Website

https://www.nafkal.com

MOBI Industry Co is a Saudi Arabia based company. The company is engaged in the manufacture of soap in all forms, including (paste, liquid and dry), manufacture of industrial detergents, manufacture of fertilizers and nitrogenous compounds, manufacture of plastics in their primary forms, manufacture of washing and cleaning material and preparations.

MOBI Industry Co (SAU:9517) Headlines

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