Response Plus Holding (ADX:RPM) Cash, Cash Equivalents, Marketable Securities : د.إ46.7 Mil (As of Dec. 2023)

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What is Response Plus Holding Cash, Cash Equivalents, Marketable Securities?

Response Plus Holding's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (د.إ96.30 Mil) to Jun. 2023 (د.إ41.28 Mil) but then increased from Jun. 2023 (د.إ41.28 Mil) to Dec. 2023 (د.إ46.70 Mil).

Response Plus Holding's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (د.إ67.24 Mil) to Dec. 2022 (د.إ96.30 Mil) but then declined from Dec. 2022 (د.إ96.30 Mil) to Dec. 2023 (د.إ46.70 Mil).

Response Plus Holding Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Response Plus Holding's Cash, Cash Equivalents, Marketable Securities 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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Response Plus Holding Cash, Cash Equivalents, Marketable Securities Chart

Response Plus Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.26

67.24

96.30

46.70

Response Plus Holding Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			67.24	104.80	96.30	41.28	46.70

Response Plus Holding Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Response Plus Holding (ADX:RPM) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Response Plus Holding Cash, Cash Equivalents, Marketable Securities Related Terms

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Response Plus Holding (ADX:RPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Response Plus Holding (ADX:RPM) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Burjeel Medical City, MBZ City, P.O. Box 130336, Zone D, 3rd Floor, Abu Dhabi, ARE

Website

https://rpm.ae

Response Plus Holding is engaged in the supply of manpower and medical equipment and the management of hospitals, clinics, and medical centers. The company's business activities are; healthcare services, investment in the healthcare-related business, investing in real estate and movables necessary for carrying out its activities, and management of affiliated companies. Geographically, it operates in the following markets; United Arab Emirates, Kingdom of Saudi Arabia, and Sultanate of Oman. Out of which a majority of its revenue comes from the United Arab Emirates market.