PT Argo Pantes Tbk (ISX:ARGO) Cash And Cash Equivalents : Rp8,145 Mil (As of Mar. 2024)

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What is PT Argo Pantes Tbk Cash And Cash Equivalents?

PT Argo Pantes Tbk's quarterly cash and cash equivalents increased from Sep. 2023 (Rp10,301.48 Mil) to Dec. 2023 (Rp11,401.61 Mil) but then stayed the same from Dec. 2023 (Rp11,401.61 Mil) to Mar. 2024 (Rp8,144.95 Mil).

PT Argo Pantes Tbk's annual cash and cash equivalents increased from Dec. 2021 (Rp2,424.35 Mil) to Dec. 2022 (Rp3,778.24 Mil) and increased from Dec. 2022 (Rp3,778.24 Mil) to Dec. 2023 (Rp11,401.61 Mil).

PT Argo Pantes Tbk Cash And Cash Equivalents Historical Data

The historical data trend for PT Argo Pantes Tbk'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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PT Argo Pantes Tbk Cash And Cash Equivalents Chart

PT Argo Pantes Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,572.17

367.25

2,424.35

3,778.24

11,401.61

PT Argo Pantes Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,841.63	2,345.01	10,301.48	11,401.61	8,144.95

PT Argo Pantes Tbk 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.

PT Argo Pantes Tbk (ISX:ARGO) 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.

PT Argo Pantes Tbk Cash And Cash Equivalents Related Terms

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PT Argo Pantes Tbk (ISX:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Argo Pantes Tbk (ISX:ARGO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan. Jend Gatot Subroto Kav.22, Wisma Argo Manunggal, 2nd Floor, Jakarta, IDN, 12930

Website

https://www.argopantes.com

PT Argo Pantes Tbk operates in the textile industry. The company is engaged in the production and sales of finished fabric, knitting, and garment. The company has two operating segments which include the textile industry and rent out of which the majority of the revenue derives from the Textile segment.