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ESG Emirates Stallions Group PJSC (ADX:ESG) Cash, Cash Equivalents, Marketable Securities

: د.إ623.8 Mil (As of Dec. 2023)
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ESG Emirates Stallions Group PJSC's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 (د.إ159.94 Mil) to Sep. 2023 (د.إ429.03 Mil) and increased from Sep. 2023 (د.إ429.03 Mil) to Dec. 2023 (د.إ623.80 Mil).

ESG Emirates Stallions Group PJSC's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (د.إ303.33 Mil) to Dec. 2022 (د.إ470.58 Mil) and increased from Dec. 2022 (د.إ470.58 Mil) to Dec. 2023 (د.إ623.80 Mil).


ESG Emirates Stallions Group PJSC Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for ESG Emirates Stallions Group PJSC'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.

* Premium members only.

ESG Emirates Stallions Group PJSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
155.30 303.33 470.58 623.80

ESG Emirates Stallions Group PJSC Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Cash, Cash Equivalents, Marketable Securities Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 341.84 470.58 159.94 429.03 623.80

ESG Emirates Stallions Group PJSC 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.


ESG Emirates Stallions Group PJSC  (ADX:ESG) 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.


ESG Emirates Stallions Group PJSC Cash, Cash Equivalents, Marketable Securities Related Terms

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ESG Emirates Stallions Group PJSC (ADX:ESG) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Emirates Stallions Group, The Royal Group Building, PO Box 63811, 5th Floor, Abu Dhabi, ARE
ESG Emirates Stallions Group PJSC main activities are buying, selling, and dividing plots and real estates, management and leasing of real estate and developing real estate, management services of companies and private institutions, performing technical, commercial, and contracting services. The operating segments of company are Contracting & consultancy, Landscaping & Business process/manpower outsourcing.

ESG Emirates Stallions Group PJSC (ADX:ESG) Headlines