Al Soor Fuel Marketing Co KSC (KUW:SOOR) Cash And Cash Equivalents : KWD29.6 Mil (As of Dec. 2023)

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What is Al Soor Fuel Marketing Co KSC Cash And Cash Equivalents?

Al Soor Fuel Marketing Co KSC's quarterly cash and cash equivalents increased from Jun. 2023 (KWD31.08 Mil) to Sep. 2023 (KWD32.43 Mil) but then stayed the same from Sep. 2023 (KWD32.43 Mil) to Dec. 2023 (KWD29.60 Mil).

Al Soor Fuel Marketing Co KSC's annual cash and cash equivalents declined from Dec. 2021 (KWD20.31 Mil) to Dec. 2022 (KWD15.33 Mil) but then increased from Dec. 2022 (KWD15.33 Mil) to Dec. 2023 (KWD29.60 Mil).

Al Soor Fuel Marketing Co KSC Cash And Cash Equivalents Historical Data

The historical data trend for Al Soor Fuel Marketing Co KSC'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.

Al Soor Fuel Marketing Co KSC Cash And Cash Equivalents Chart

Al Soor Fuel Marketing Co KSC Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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14.26

15.48

20.31

15.33

29.60

Al Soor Fuel Marketing Co KSC 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															15.33	36.62	31.08	32.43	29.60

Al Soor Fuel Marketing Co KSC 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.

Al Soor Fuel Marketing Co KSC (KUW:SOOR) 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.

Al Soor Fuel Marketing Co KSC Cash And Cash Equivalents Related Terms

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Al Soor Fuel Marketing Co KSC (KUW:SOOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Soor Fuel Marketing Co KSC (KUW:SOOR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

AlMirqab - Block 3 - Omar bin Al-Khattab Street, P.O. Box 28396, KBT Tower, 14th Floor, Kuwait, KWT, 13144

Website

http://www.soor.com.kw

Al Soor Fuel Marketing Co KSC is engaged in the acquisition, construction, leasing, operation, and maintenance of petrol filling stations. It also constructs, develops, operates, and maintains customer services center at petrol stations. The customer services centers operated by the company provide all services related to cars and vehicles such as oil changes, car wash, maintenance services, repair and technical testing of vehicles, and supermarket services. Its operating segments are Fuel marketing and other related services and Investment operations. The majority of its revenue derives from Fuel marketing and other associated services.

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