Salvo Chemical Industry (DHA:SALVOCHEM) Cash And Cash Equivalents : BDT58 Mil (As of Dec. 2023)

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What is Salvo Chemical Industry Cash And Cash Equivalents?

Salvo Chemical Industry's quarterly cash and cash equivalents declined from Jun. 2023 (BDT61.42 Mil) to Sep. 2023 (BDT53.32 Mil) but then increased from Sep. 2023 (BDT53.32 Mil) to Dec. 2023 (BDT57.57 Mil).

Salvo Chemical Industry's annual cash and cash equivalents increased from Jun. 2021 (BDT23.64 Mil) to Jun. 2022 (BDT49.28 Mil) and increased from Jun. 2022 (BDT49.28 Mil) to Jun. 2023 (BDT61.42 Mil).

Salvo Chemical Industry Cash And Cash Equivalents Historical Data

The historical data trend for Salvo Chemical Industry'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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Salvo Chemical Industry Cash And Cash Equivalents Chart

Salvo Chemical Industry Annual Data

Trend

Dec12

Dec13

Dec15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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17.33

22.86

23.64

49.28

61.42

Salvo Chemical Industry Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															21.12	40.24	61.42	53.32	57.57

Salvo Chemical Industry 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.

Salvo Chemical Industry (DHA:SALVOCHEM) 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.

Salvo Chemical Industry Cash And Cash Equivalents Related Terms

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Salvo Chemical Industry (DHA:SALVOCHEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Salvo Chemical Industry Ltd (DHA:SALVOCHEM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 210-211, Nawabpur Road, Suite number 401, 3rd floor, Dhaka, BGD, 1100

Website

https://www.salvochemical.com

Salvo Chemical Industry Ltd mainly engages in the manufacturing of sulphuric acid and liquid Glucose. In addition to that, the company also produces battery-grade water, Magnesium and zinc sulfate, starch, etc. Sulphuric Acid is used to produce ferrous sulfate, alum, etc, Additionally, it is used in the manufacturing of plasticizers, dyestuffs, explosives, silicate for toothpaste, adhesives, rubbers, edible oils, lubricants, the production of food acids. The segments of the company include Sulphuric Acid and battery-grade water, Starch & by- product, and Liquid Glucose. The majority of revenue is generated from the Starch & by-product segment.

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