GTI (Graphjet Technology) Cash And Cash Equivalents : $0.09 Mil (As of Jun. 2024)

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What is Graphjet Technology Cash And Cash Equivalents?

Graphjet Technology's quarterly cash and cash equivalents increased from Jun. 2023 ($0.00 Mil) to Mar. 2024 ($1.15 Mil) but then stayed the same from Mar. 2024 ($1.15 Mil) to Jun. 2024 ($0.09 Mil).

Graphjet Technology Cash And Cash Equivalents Historical Data

The historical data trend for Graphjet Technology'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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Graphjet Technology Cash And Cash Equivalents Chart

Graphjet Technology Annual Data

Trend

Sep21

Cash And Cash Equivalents

Graphjet Technology Quarterly Data
	Sep21	Dec21	Sep22	Dec22	Mar23	Jun23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.16	-	-	1.15	0.09

Graphjet Technology 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.

Graphjet Technology (NAS:GTI) 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.

Graphjet Technology Cash And Cash Equivalents Related Terms

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Graphjet Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Graphjet Technology (NAS:GTI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Unit No L4-E-8, Enterprise 4, Technology Park Malaysia Bukit Jalil, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.graphjettech.com

Graphjet Technology is a company that owns state-of-the-art technology for the manufacture of artificial graphene and graphite, critical raw materials used in a variety of industries. The technology was developed through our collaboration with National University of Malaysia and Universiti Teknikal Malaysia Melaka. It produces artificial graphite and graphene from palm seed kernels, a waste product widely available in Malaysia and other countries that produce palm seed oil. Unlike mineral coal-based or petroleum-based graphite which is ultimately limited and must be mined and processed to produce commercial-grade graphite, our raw materials are renewable and effectively unlimited.