Al Ansari Financial Services (DFM:ALANSARI) Cash And Cash Equivalents : د.إ1,055 Mil (As of Mar. 2024)

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What is Al Ansari Financial Services Cash And Cash Equivalents?

Al Ansari Financial Services's quarterly cash and cash equivalents increased from Sep. 2023 (د.إ823.74 Mil) to Dec. 2023 (د.إ1,137.78 Mil) but then stayed the same from Dec. 2023 (د.إ1,137.78 Mil) to Mar. 2024 (د.إ1,055.13 Mil).

Al Ansari Financial Services's annual cash and cash equivalents declined from Dec. 2021 (د.إ1,078.14 Mil) to Dec. 2022 (د.إ1,051.11 Mil) but then increased from Dec. 2022 (د.إ1,051.11 Mil) to Dec. 2023 (د.إ1,137.78 Mil).

Al Ansari Financial Services Cash And Cash Equivalents Historical Data

The historical data trend for Al Ansari Financial Services'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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Al Ansari Financial Services Cash And Cash Equivalents Chart

Al Ansari Financial Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

854.87

961.62

1,078.14

1,051.11

1,137.78

Al Ansari Financial Services Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial						-	1,052.98	823.74	1,137.78	1,055.13

Al Ansari Financial Services 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.

Al Ansari Financial Services (DFM:ALANSARI) 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.

Al Ansari Financial Services Cash And Cash Equivalents Related Terms

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Al Ansari Financial Services (DFM:ALANSARI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Al Ansari Financial Services (DFM:ALANSARI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Barsha 1, P.O Box 6176, Office No. 804, Al Ansari Business Center, Dubai, ARE

Website

https://www.aafs.ae

Al Ansari Financial Services is engaged in the business of buying and selling foreign currencies and traveller's cheques, cheques, executing remittance operations in local and foreign currencies, payment of wages through establishing a link to the operating system of wages protection, special products such as bill payments, cash collections, sale and reload of multi-currency prepaid cards) and transportation of cash and valuables.

Al Ansari Financial Services (DFM:ALANSARI) Headlines

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