Asia Sermkij Leasing PCL (BKK:ASK) Cash And Cash Equivalents : ฿477 Mil (As of Mar. 2024)

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What is Asia Sermkij Leasing PCL Cash And Cash Equivalents?

Asia Sermkij Leasing PCL's quarterly cash and cash equivalents increased from Sep. 2023 (฿475.23 Mil) to Dec. 2023 (฿550.88 Mil) but then stayed the same from Dec. 2023 (฿550.88 Mil) to Mar. 2024 (฿476.68 Mil).

Asia Sermkij Leasing PCL's annual cash and cash equivalents increased from Dec. 2021 (฿471.30 Mil) to Dec. 2022 (฿601.20 Mil) but then declined from Dec. 2022 (฿601.20 Mil) to Dec. 2023 (฿550.88 Mil).

Asia Sermkij Leasing PCL Cash And Cash Equivalents Historical Data

The historical data trend for Asia Sermkij Leasing PCL'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.

Asia Sermkij Leasing PCL Cash And Cash Equivalents Chart

Asia Sermkij Leasing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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457.60

394.92

471.30

601.20

550.88

Asia Sermkij Leasing PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															519.03	507.54	475.23	550.88	476.68

Asia Sermkij Leasing PCL 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.

Asia Sermkij Leasing PCL (BKK:ASK) 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.

Asia Sermkij Leasing PCL Cash And Cash Equivalents Related Terms

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Asia Sermkij Leasing PCL (BKK:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Asia Sermkij Leasing PCL (BKK:ASK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

South Sathorn Road, 175 Sathorn City Tower, 24th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.ask.co.th

Asia Sermkij Leasing PCL operates hire purchase business for all types of automobiles in the form of new car financing to its customers in Bangkok and metropolitan area. Subsequently, the company has expanded its business into used car hire purchase, personal loan and floor plan financing as well as other services such as auto registration, tax renewal, and insurance services. The business operation can be classified into five operating segments: The hire purchase segment, The leasing segment, The loan segment, The factoring segment, The insurance broker segment. A major part of the revenue is generated from hire purchase division.

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