Professional Medical Expertise Co (SAU:9574) Cash And Cash Equivalents : ﷼5.3 Mil (As of Dec. 2022)

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What is Professional Medical Expertise Co Cash And Cash Equivalents?

Professional Medical Expertise Co's quarterly cash and cash equivalents stayed the same from . 20 (﷼0.00 Mil) to . 20 (﷼0.00 Mil) but then increased from . 20 (﷼0.00 Mil) to Dec. 2022 (﷼5.32 Mil).

Professional Medical Expertise Co's annual cash and cash equivalents increased from . 20 (﷼0.00 Mil) to Dec. 2022 (﷼5.32 Mil) but then declined from Dec. 2022 (﷼5.32 Mil) to Dec. 2023 (﷼0.95 Mil).

Professional Medical Expertise Co Cash And Cash Equivalents Historical Data

The historical data trend for Professional Medical Expertise 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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Professional Medical Expertise Co Cash And Cash Equivalents Chart

Professional Medical Expertise Co Annual Data

Trend

Dec22

Dec23

Cash And Cash Equivalents

5.32

0.95

Professional Medical Expertise Co Quarterly Data
	Dec22	Dec23
Cash And Cash Equivalents	5.32	0.95

Professional Medical Expertise 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.

Professional Medical Expertise Co (SAU:9574) 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.

Professional Medical Expertise Co Cash And Cash Equivalents Related Terms

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Professional Medical Expertise Co (SAU:9574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Professional Medical Expertise Co (SAU:9574) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434

Website

https://www.promedex.com

Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

Professional Medical Expertise Co (SAU:9574) Headlines

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