Borouge (ADX:BOROUGE) Cash And Cash Equivalents : د.إ2,892 Mil (As of Mar. 2024)

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What is Borouge Cash And Cash Equivalents?

Borouge's quarterly cash and cash equivalents increased from Sep. 2023 (د.إ1,007.02 Mil) to Dec. 2023 (د.إ1,299.95 Mil) and increased from Dec. 2023 (د.إ1,299.95 Mil) to Mar. 2024 (د.إ2,892.15 Mil).

Borouge's annual cash and cash equivalents increased from Dec. 2021 (د.إ0.00 Mil) to Dec. 2022 (د.إ4,201.30 Mil) but then declined from Dec. 2022 (د.إ4,201.30 Mil) to Dec. 2023 (د.إ1,299.95 Mil).

Borouge Cash And Cash Equivalents Historical Data

The historical data trend for Borouge'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.

Borouge Cash And Cash Equivalents Chart

Borouge Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

4,201.30

1,299.95

Borouge Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial				1,363.23	1,032.37	1,007.02	1,299.95	2,892.15

Borouge 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.

Borouge (ADX:BOROUGE) 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.

Borouge Cash And Cash Equivalents Related Terms

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Borouge (ADX:BOROUGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE

Website

https://www.borouge.com

Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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