MI Technovation Bhd (XKLS:5286) Cash And Cash Equivalents : RM324.6 Mil (As of Dec. 2023)

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What is MI Technovation Bhd Cash And Cash Equivalents?

MI Technovation Bhd's quarterly cash and cash equivalents increased from Jun. 2023 (RM246.90 Mil) to Sep. 2023 (RM287.53 Mil) and increased from Sep. 2023 (RM287.53 Mil) to Dec. 2023 (RM324.55 Mil).

MI Technovation Bhd's annual cash and cash equivalents increased from Dec. 2021 (RM120.61 Mil) to Dec. 2022 (RM176.56 Mil) and increased from Dec. 2022 (RM176.56 Mil) to Dec. 2023 (RM324.55 Mil).

MI Technovation Bhd Cash And Cash Equivalents Historical Data

The historical data trend for MI Technovation 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.

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MI Technovation Bhd Cash And Cash Equivalents Chart

MI Technovation Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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67.88

56.03

120.61

176.56

324.55

MI Technovation Bhd 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															176.56	197.51	246.90	287.53	324.55

MI Technovation 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.

MI Technovation Bhd (XKLS:5286) 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.

MI Technovation Bhd Cash And Cash Equivalents Related Terms

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MI Technovation Bhd (XKLS:5286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MI Technovation Bhd (XKLS:5286) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

No. 20, Medan Bayan Lepas Technoplex, MK 12, Taman Perindustrian Bayan Lepas, Bayan Lepas, PNG, MYS, 11900

Website

https://www.mi-eq.com

MI Technovation Bhd is an investment holding company. The group is involved in design, development, manufacture, and sale of wafer level chip scale packaging sorting machines with inspection and testing capabilities for the semiconductor industry. Its reportable segments are as follows: 1) Semiconductor equipment business unit is Involved in the manufacturing and sales of the semiconductor manufacturing equipment, paired with smart factory automation solutions for Industrial 4.0, together with the provision of maintenance services and technical support for these machines, as well as the sale of related spare parts and components. 2) Semiconductor material business unit is involved in the manufacturing and sales of solder spheres. 3) Others includes investment holding and other activities.

MI Technovation Bhd (XKLS:5286) Headlines

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