Mfc-Nichada Thani Property Fund (BKK:MNIT) Cash And Cash Equivalents : ฿1.59 Mil (As of Mar. 2024)

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What is Mfc-Nichada Thani Property Fund Cash And Cash Equivalents?

Mfc-Nichada Thani Property Fund's quarterly cash and cash equivalents increased from Sep. 2023 (฿1.73 Mil) to Dec. 2023 (฿2.32 Mil) but then stayed the same from Dec. 2023 (฿2.32 Mil) to Mar. 2024 (฿1.59 Mil).

Mfc-Nichada Thani Property Fund's annual cash and cash equivalents increased from Dec. 2021 (฿2.06 Mil) to Dec. 2022 (฿2.45 Mil) but then declined from Dec. 2022 (฿2.45 Mil) to Dec. 2023 (฿2.32 Mil).

Mfc-Nichada Thani Property Fund Cash And Cash Equivalents Historical Data

The historical data trend for Mfc-Nichada Thani Property Fund'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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Mfc-Nichada Thani Property Fund Cash And Cash Equivalents Chart

Mfc-Nichada Thani Property Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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11.40

2.22

2.06

2.45

2.32

Mfc-Nichada Thani Property Fund 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															14.61	3.30	1.73	2.32	1.59

Mfc-Nichada Thani Property Fund 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.

Mfc-Nichada Thani Property Fund (BKK:MNIT) 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.

Mfc-Nichada Thani Property Fund Cash And Cash Equivalents Related Terms

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Mfc-Nichada Thani Property Fund (BKK:MNIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mfc-Nichada Thani Property Fund (BKK:MNIT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Ratchadapisek Road, Ground Floor & 21st-23rd Floor, 199 Column Tower, Klongtoey, Bangkok, THA, 10110

Website

https://www.mfcfund.com

Mfc-Nichada Thani Property Fund is a close-ended property fund with no maturity date. The fund's objective is to use the proceeds from the sale of investment units to invest in properties for residential buildings including land and private houses for a living, which is in Amphur Pakkred, Nonthaburi. It operates under one segment namely Rental of Properties in Thailand. The Fund has invested (freehold) in the Lakeshore-North Apartment Building - an apartment for rent, Lakeshore-West Apartment Building - an apartment for rent, Land with units of two-storeyed private houses of Raintree Residence Project and Land with units of two-storeyed private homes of Sunshine Place Project. All assets are located in the Nichada Thani Project.

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