Makati Finance (PHS:MFIN) Cash And Cash Equivalents

: ₱23.1 Mil (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

Makati Finance's quarterly cash and cash equivalents declined from Jun. 2023 (₱31.07 Mil) to Sep. 2023 (₱21.05 Mil) but then increased from Sep. 2023 (₱21.05 Mil) to Dec. 2023 (₱23.10 Mil).

Makati Finance's annual cash and cash equivalents declined from Dec. 2021 (₱73.12 Mil) to Dec. 2022 (₱34.05 Mil) and declined from Dec. 2022 (₱34.05 Mil) to Dec. 2023 (₱23.10 Mil).

Makati Finance Cash And Cash Equivalents Historical Data

The historical data trend for Makati Finance'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.

* Premium members only.

Makati Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

62.73

74.79

73.12

34.05

23.10

Makati Finance 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															34.05	27.56	31.07	21.05	23.10

Makati Finance 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.

Makati Finance (PHS:MFIN) 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.

Makati Finance Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Makati Finance's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Makati Finance (PHS:MFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Makati Finance Corp (PHS:MFIN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2301 Chino Roces Avenue, 3rd Floor Mazda Makati Building, Barangay Magallanes, Makati City, PHL, 1231

Website

http://www.makatifinance.ph

Makati Finance Corp provides financial services and advisory to its clients. The company's operations include sales and marketing, evaluation and approval of loan applications, and collection of loan accounts. The company derives revenues from the following main operating business segments of Rx Cashline Group; Business loans; MFC Factors Group; Motor Vehicles Financing Group and Others. Business loans division grants loans to finance business owners who wishes to expand its business or for the purpose of starting capital whereas Motor Vehicles Financing Group grants loans to motorcycle buyers. The company's assets producing revenues are located in the Philippines.