AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Cash And Cash Equivalents : ﷼29.9 Mil (As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting Cash And Cash Equivalents?

AlMuneef Co For Trade Industry Agriculture And Contracting's quarterly cash and cash equivalents declined from Dec. 2022 (﷼16.64 Mil) to Jun. 2023 (﷼15.81 Mil) but then increased from Jun. 2023 (﷼15.81 Mil) to Dec. 2023 (﷼29.91 Mil).

AlMuneef Co For Trade Industry Agriculture And Contracting's annual cash and cash equivalents declined from Dec. 2021 (﷼17.09 Mil) to Dec. 2022 (﷼16.64 Mil) but then increased from Dec. 2022 (﷼16.64 Mil) to Dec. 2023 (﷼29.91 Mil).

AlMuneef Co For Trade Industry Agriculture And Contracting Cash And Cash Equivalents Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting Cash And Cash Equivalents Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

17.09

16.64

29.91

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	-	16.64	15.81	29.91

AlMuneef Co For Trade Industry Agriculture And Contracting 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.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) 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.

AlMuneef Co For Trade Industry Agriculture And Contracting Cash And Cash Equivalents Related Terms

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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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