Saudi Automotive Services Co. (SAU:4050) Cash And Cash Equivalents : ﷼163 Mil (As of Mar. 2024)

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What is Saudi Automotive Services Co. Cash And Cash Equivalents?

Saudi Automotive Services Co.'s quarterly cash and cash equivalents increased from Sep. 2023 (﷼159.72 Mil) to Dec. 2023 (﷼183.15 Mil) but then stayed the same from Dec. 2023 (﷼183.15 Mil) to Mar. 2024 (﷼162.98 Mil).

Saudi Automotive Services Co.'s annual cash and cash equivalents increased from Dec. 2021 (﷼154.75 Mil) to Dec. 2022 (﷼636.97 Mil) but then declined from Dec. 2022 (﷼636.97 Mil) to Dec. 2023 (﷼183.15 Mil).

Saudi Automotive Services Co. Cash And Cash Equivalents Historical Data

The historical data trend for Saudi Automotive Services Co.'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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Saudi Automotive Services Co. Cash And Cash Equivalents Chart

Saudi Automotive Services Co. Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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65.02

104.29

154.75

636.97

183.15

Saudi Automotive Services Co. 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															572.42	310.62	159.72	183.15	162.98

Saudi Automotive Services Co. 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.

Saudi Automotive Services Co. (SAU:4050) 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.

Saudi Automotive Services Co. Cash And Cash Equivalents Related Terms

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Saudi Automotive Services Co. (SAU:4050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Saudi Automotive Services Co. (SAU:4050) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makkah Al Mukarramah Road (Khurais), Building No. 4870, King Abdulaziz district, Riyadh, SAU, 12411

Website

https://www.sasco.com.sa

Saudi Automotive Services Co. is a company engaged in providing services to vehicles and travelers by establishing central workshops to provide the highest level of maintenance and repair and establishing a network of vehicle service stations, as well as providing rest houses and restaurants, importing and selling foodstuffs, drinks, beverages and raw materials required therefor, importing vehicles and spare parts of all kinds for the Group's business and trading in them after obtaining the necessary licenses, carrying out all types of contracting for establishment, management, maintenance and operation of residential and commercial buildings. The company operates in following segments: Retail and operation, Saudi Club, Transportation Fleet and others.

Saudi Automotive Services Co. (SAU:4050) Headlines

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