Associated Commercial Co (XMAU:ACC) Cash, Cash Equivalents, Marketable Securities : MUR0.0 Mil (As of Dec. 2023)

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What is Associated Commercial Co Cash, Cash Equivalents, Marketable Securities?

Associated Commercial Co's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 (MUR106.71 Mil) to Sep. 2023 (MUR0.00 Mil) but then stayed the same from Sep. 2023 (MUR0.00 Mil) to Dec. 2023 (MUR0.00 Mil).

Associated Commercial Co's annual cash, cash equivalents, marketable securities declined from Jun. 2021 (MUR150.66 Mil) to Jun. 2022 (MUR88.72 Mil) but then increased from Jun. 2022 (MUR88.72 Mil) to Jun. 2023 (MUR106.71 Mil).

Associated Commercial Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Associated Commercial Co'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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Associated Commercial Co Cash, Cash Equivalents, Marketable Securities Chart

Associated Commercial Co Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

78.27

150.66

88.72

106.71

Associated Commercial Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									-	-	106.71	-	-

Associated Commercial Co 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.

Associated Commercial Co (XMAU:ACC) 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.

Associated Commercial Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Associated Commercial Co (XMAU:ACC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Associated Commercial Co Ltd (XMAU:ACC) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o United Bus Service Ltd., Les Cassis, Port Louis, MUS

Website

https://www.accgroup.mu/acc

Associated Commercial Co Ltd is a dealer of motor vehicles, spare parts, new tyres and accessories. The principal activity of the company is the import and distribution tyres, tubes, flaps and spare parts for commercial vehicles. The company's reportable segments are Vehicles, Batteries and Lubricants, Spare Parts and Tyres. The company generates majority of its revenue from Tyres segment.