MY E.G.Services Bhd (XKLS:0138) Cash And Cash Equivalents : RM398.6 Mil (As of Sep. 2023)

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What is MY E.G.Services Bhd Cash And Cash Equivalents?

MY E.G.Services Bhd's quarterly cash and cash equivalents increased from Mar. 2023 (RM214.75 Mil) to Jun. 2023 (RM252.47 Mil) and increased from Jun. 2023 (RM252.47 Mil) to Sep. 2023 (RM398.56 Mil).

MY E.G.Services Bhd's annual cash and cash equivalents declined from Dec. 2020 (RM221.78 Mil) to Dec. 2021 (RM73.11 Mil) and declined from Dec. 2021 (RM73.11 Mil) to Dec. 2022 (RM55.98 Mil).

MY E.G.Services Bhd Cash And Cash Equivalents Historical Data

The historical data trend for MY E.G.Services Bhd'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.

MY E.G.Services Bhd Cash And Cash Equivalents Chart

MY E.G.Services Bhd Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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200.50

121.81

221.78

73.11

55.98

MY E.G.Services Bhd Quarterly Data
	Dec17	Mar18	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															218.70	55.98	214.75	252.47	398.56

MY E.G.Services Bhd 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.

MY E.G.Services Bhd (XKLS:0138) 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.

MY E.G.Services Bhd Cash And Cash Equivalents Related Terms

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MY E.G.Services Bhd (XKLS:0138) Business Description

Industry

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Traded in Other Exchanges

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Address

No. 8, Jalan Damansara, PJU 8, Level 43A, MYEG Tower, Empire City, Petaling Jaya, SGR, MYS, 47820

Website

https://www.myeg.com.my

MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is majorly engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. It also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services. It derives the majority of revenue from Malaysia.

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