Raffles Financial Group (FRA:4VO) Cash And Cash Equivalents : €13.92 Mil (As of Mar. 2021)

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What is Raffles Financial Group Cash And Cash Equivalents?

Raffles Financial Group's quarterly cash and cash equivalents declined from Sep. 2020 (€13.21 Mil) to Dec. 2020 (€13.14 Mil) but then increased from Dec. 2020 (€13.14 Mil) to Mar. 2021 (€13.92 Mil).

Raffles Financial Group's annual cash and cash equivalents stayed the same from . 20 (€0.00 Mil) to . 20 (€0.00 Mil) but then increased from . 20 (€0.00 Mil) to Jun. 2019 (€1.37 Mil).

Raffles Financial Group Cash And Cash Equivalents Historical Data

The historical data trend for Raffles Financial Group'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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Raffles Financial Group Cash And Cash Equivalents Chart

Raffles Financial Group Annual Data

Trend

Jun19

Cash And Cash Equivalents

1.37

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash And Cash Equivalents	Get a 7-Day Free Trial					0.05	13.41	13.21	13.14	13.92

Raffles Financial Group 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.

Raffles Financial Group (FRA:4VO) 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.

Raffles Financial Group Cash And Cash Equivalents Related Terms

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Raffles Financial Group (FRA:4VO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (FRA:4VO) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (FRA:4VO) Headlines

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