AME Company for Medical Supplies (SAU:9527) Cash And Cash Equivalents : ﷼43.4 Mil (As of Dec. 2023)

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What is AME Company for Medical Supplies Cash And Cash Equivalents?

AME Company for Medical Supplies's quarterly cash and cash equivalents increased from Dec. 2022 (﷼23.32 Mil) to Jun. 2023 (﷼26.42 Mil) and increased from Jun. 2023 (﷼26.42 Mil) to Dec. 2023 (﷼43.40 Mil).

AME Company for Medical Supplies's annual cash and cash equivalents declined from Dec. 2021 (﷼28.42 Mil) to Dec. 2022 (﷼23.32 Mil) but then increased from Dec. 2022 (﷼23.32 Mil) to Dec. 2023 (﷼43.40 Mil).

AME Company for Medical Supplies Cash And Cash Equivalents Historical Data

The historical data trend for AME Company for Medical Supplies'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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AME Company for Medical Supplies Cash And Cash Equivalents Chart

AME Company for Medical Supplies Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

28.42

23.32

43.40

AME Company for Medical Supplies Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			28.42	7.01	23.32	26.42	43.40

AME Company for Medical Supplies 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.

AME Company for Medical Supplies (SAU:9527) 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.

AME Company for Medical Supplies Cash And Cash Equivalents Related Terms

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AME Company for Medical Supplies (SAU:9527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » AME Company for Medical Supplies (SAU:9527) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Street, P.O. Box 11544, Jeddah, SAU, 21463

Website

https://www.ame.med.sa

AME Company for Medical Supplies is engaged in providing medical devices and equipment. It generates maximum revenue from the medical supplies segment. The Company is engaged in wholesale and retail trade which mainly includes perfumes, cosmetics, orthotic devices, medical supplies, decorative soap, incense, veterinary medicine and medical equipment.

AME Company for Medical Supplies (SAU:9527) Headlines

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