PACE Development PCL (BKK:PACE) Cash And Cash Equivalents : ฿32.0 Mil (As of Jun. 2021)

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What is PACE Development PCL Cash And Cash Equivalents?

PACE Development PCL's quarterly cash and cash equivalents declined from Sep. 2020 (฿315.16 Mil) to Dec. 2020 (฿245.41 Mil) but then stayed the same from Dec. 2020 (฿245.41 Mil) to Jun. 2021 (฿31.97 Mil).

PACE Development PCL's annual cash and cash equivalents declined from Dec. 2018 (฿1,278.06 Mil) to Dec. 2019 (฿273.60 Mil) and declined from Dec. 2019 (฿273.60 Mil) to Dec. 2020 (฿245.41 Mil).

PACE Development PCL Cash And Cash Equivalents Historical Data

The historical data trend for PACE Development 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.

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PACE Development PCL Cash And Cash Equivalents Chart

PACE Development PCL Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash And Cash Equivalents

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692.46

1,202.39

1,278.06

273.60

245.41

PACE Development PCL Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21
Cash And Cash Equivalents	Get a 7-Day Free Trial															264.62	334.98	315.16	245.41	31.97

PACE Development 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.

PACE Development PCL (BKK:PACE) 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.

PACE Development PCL Cash And Cash Equivalents Related Terms

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PACE Development PCL (BKK:PACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PACE Development Corp PCL (BKK:PACE) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Wireless Road, Lumpini, No. 53 Sivatel Tower, 16th Floor, Unit 1606, Pathumwan, Bangkok, THA, 10330

Website

http://www.pacedev.com

PACE Development Corp PCL is engaged in property development. Its projects include Nimit Langsuan, MahaSamutr, and Saladaeng Residences. the company operates through two segments namely, Real estate development segment, which develops and sells land and houses, and condominium units; and Retailer of premium gourmet and delicatessen segment.