PEC (STU:QPE) Cash And Cash Equivalents : €77.3 Mil (As of Dec. 2023)

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What is PEC Cash And Cash Equivalents?

PEC's quarterly cash and cash equivalents declined from Dec. 2022 (€96.73 Mil) to Jun. 2023 (€86.49 Mil) but then stayed the same from Jun. 2023 (€86.49 Mil) to Dec. 2023 (€77.33 Mil).

PEC's annual cash and cash equivalents increased from Jun. 2021 (€90.45 Mil) to Jun. 2022 (€107.74 Mil) but then declined from Jun. 2022 (€107.74 Mil) to Jun. 2023 (€86.49 Mil).

PEC Cash And Cash Equivalents Historical Data

The historical data trend for PEC'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.

PEC Cash And Cash Equivalents Chart

PEC Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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61.23

63.77

90.45

107.74

86.49

PEC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															95.36	107.74	96.73	86.49	77.33

PEC 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.

PEC (STU:QPE) 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.

PEC Cash And Cash Equivalents Related Terms

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PEC (STU:QPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PEC Ltd (STU:QPE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

IX2:Singapore QPE:Germany

Address

14 International Business Park, Singapore, SGP, 609922

Website

https://www.peceng.com

PEC Ltd is a Singapore-based company, which is engaged in the provision of mechanical engineering and contracting services. Its segments are Project works, Plant maintenance and related services and Other operations. The Plant maintenance and related services segment is a key revenue driver, which relate to maintenance services provided to the oil and gas, petrochemical and chemical terminal industries. The project works segment relates to provision of engineering, procurement and construction services for certain aspects of plant projects, such as tankage and/or piping work, procurement to the oil and gas, pharmaceutical and oil and chemical terminal industries. Other operations segment relates to heat treatment, information technology services and construction equipment leasing services.

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