Manila Electric Co (Manila Electric Co) Cash And Cash Equivalents : $1,432 Mil (As of Dec. 2023)

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What is Manila Electric Co Cash And Cash Equivalents?

Manila Electric Co's quarterly cash and cash equivalents increased from Jun. 2023 ($882.13 Mil) to Sep. 2023 ($1,263.14 Mil) and increased from Sep. 2023 ($1,263.14 Mil) to Dec. 2023 ($1,431.64 Mil).

Manila Electric Co's annual cash and cash equivalents increased from Dec. 2021 ($951.22 Mil) to Dec. 2022 ($965.48 Mil) and increased from Dec. 2022 ($965.48 Mil) to Dec. 2023 ($1,431.64 Mil).

Manila Electric Co Cash And Cash Equivalents Historical Data

The historical data trend for Manila Electric 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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Manila Electric Co Cash And Cash Equivalents Chart

Manila Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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661.65

880.40

951.22

965.48

1,431.64

Manila Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															965.48	1,002.04	882.13	1,263.14	1,431.64

Manila Electric 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.

Manila Electric Co (OTCPK:MERVF) 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.

Manila Electric Co Cash And Cash Equivalents Related Terms

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Manila Electric Co (Manila Electric Co) Business Description

Industry

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Traded in Other Exchanges

MAEOY:USA MER:Philippines

Address

Ortigas Avenue, Barangay Ugong, Lopez Building, Pasig, PHL, 1605

Website

https://www.meralco.com.ph

Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and goal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the largest electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

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