Rimbaco Group Global (HKSE:01953) Cash And Cash Equivalents : HK$113.5 Mil (As of Oct. 2024)

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What is Rimbaco Group Global Cash And Cash Equivalents?

Rimbaco Group Global's quarterly cash and cash equivalents declined from Oct. 2023 (HK$94.72 Mil) to Apr. 2024 (HK$76.14 Mil) but then increased from Apr. 2024 (HK$76.14 Mil) to Oct. 2024 (HK$113.53 Mil).

Rimbaco Group Global's annual cash and cash equivalents declined from Oct. 2022 (HK$163.57 Mil) to Oct. 2023 (HK$94.72 Mil) but then increased from Oct. 2023 (HK$94.72 Mil) to Oct. 2024 (HK$113.53 Mil).

Rimbaco Group Global Cash And Cash Equivalents Historical Data

The historical data trend for Rimbaco Group Global'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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Rimbaco Group Global Cash And Cash Equivalents Chart

Rimbaco Group Global Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash And Cash Equivalents

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82.42

79.68

163.57

94.72

113.53

Rimbaco Group Global Semi-Annual Data
	Oct17	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial									163.57	149.45	94.72	76.14	113.53

Rimbaco Group Global 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.

Rimbaco Group Global (HKSE:01953) 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.

Rimbaco Group Global Cash And Cash Equivalents Related Terms

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Rimbaco Group Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rimbaco Group Global Ltd (HKSE:01953) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

9-03-01, Jalan Ahmad Nor, Pusat Perdagangan Nova, Jelutong, PNG, MYS, 11600

Website

https://www.rimbaco.com.my

Rimbaco Group Global Ltd is mainly involved in the building construction industry in Malaysia. It is a Malaysia-based building construction contractor focusing on the provision of building construction services for factories, including low-rise processing facilities and manufacturing plants; institutional, commercial and residential buildings such as private hospitals, hotels, shopping malls, high-rise residential buildings and commercial or residential complex; and infrastructure works. Rimbaco also undertakes small-scale ancillary construction works, including but not limited to renovation works, repair works and electrical works.

Executives

Lai Swee Yin
Low Seah Sun	2201 Interest of corporation controlled by you
Rbc Venture Limited

Rimbaco Group Global Headlines

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