Able Global Bhd (XKLS:7167) Cash And Cash Equivalents : RM148.9 Mil (As of Mar. 2024)

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What is Able Global Bhd Cash And Cash Equivalents?

Able Global Bhd's quarterly cash and cash equivalents increased from Sep. 2023 (RM111.34 Mil) to Dec. 2023 (RM113.14 Mil) and increased from Dec. 2023 (RM113.14 Mil) to Mar. 2024 (RM148.85 Mil).

Able Global Bhd's annual cash and cash equivalents declined from Dec. 2021 (RM80.29 Mil) to Dec. 2022 (RM58.19 Mil) but then increased from Dec. 2022 (RM58.19 Mil) to Dec. 2023 (RM113.14 Mil).

Able Global Bhd Cash And Cash Equivalents Historical Data

The historical data trend for Able Global Bhd'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.

Able Global Bhd Cash And Cash Equivalents Chart

Able Global Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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68.61

94.29

80.29

58.19

113.14

Able Global Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															80.72	95.44	111.34	113.14	148.85

Able Global Bhd 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.

Able Global Bhd (XKLS:7167) 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.

Able Global Bhd Cash And Cash Equivalents Related Terms

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Able Global Bhd (XKLS:7167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Able Global Bhd (XKLS:7167) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

PTD 124298, Jalan Kempas Lama, Kampung Seelong Jaya, Skudai, MYS, 81300

Website

https://www.ableglobalbhd.com.my

Able Global Bhd formerly Johore Tin Bhd is principally engaged in the business of investment holding and the provision of management services. The group is organized into the three main reportable segments: Investment Holding; Tin Manufacturing; and Food and Beverage. Its Investment Holding is involved in the business of investment holding and provision of management services. Tin Manufacturing is involved in the manufacturing of various tins, cans, and other containers. Food and Beverage are involved in manufacturing and selling of milk and other related dairy products. It generates maximum revenue from Food and Beverage segment. Geographically, it derives majority revenue from Malaysia and also has a presence in Africa, Central America, Europe, Malaysia, and Other Countries.

Able Global Bhd (XKLS:7167) Headlines

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