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JBDI (JBDI Holdings) Cash And Cash Equivalents : $0.19 Mil (As of May. 2024)


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What is JBDI Holdings Cash And Cash Equivalents?

JBDI Holdings's quarterly cash and cash equivalents declined from May. 2023 ($0.46 Mil) to Nov. 2023 ($0.12 Mil) but then increased from Nov. 2023 ($0.12 Mil) to May. 2024 ($0.19 Mil).

JBDI Holdings's annual cash and cash equivalents declined from May. 2022 ($0.79 Mil) to May. 2023 ($0.46 Mil) and declined from May. 2023 ($0.46 Mil) to May. 2024 ($0.19 Mil).

JBDI Holdings Cash And Cash Equivalents Historical Data

The historical data trend for JBDI Holdings'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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JBDI Holdings Cash And Cash Equivalents Chart

JBDI Holdings Annual Data
Trend May21 May22 May23 May24
Cash And Cash Equivalents
1.25 0.79 0.46 0.19

JBDI Holdings Semi-Annual Data
May21 Nov21 May22 Nov22 May23 Nov23 May24
Cash And Cash Equivalents Get a 7-Day Free Trial 0.79 0.61 0.46 0.12 0.19

JBDI Holdings 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.

JBDI Holdings  (NAS:JBDI) 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.

JBDI Holdings Cash And Cash Equivalents Related Terms

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JBDI Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JBDI Holdings Ltd (NAS:JBDI) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
34 Gul Crescent, Singapore, SGP, 629538
Website
https://www.barrels.com.sg
JBDI Holdings Ltd is a supplier of Reconditioned and new Containers in Singapore. Its products include Reconditioned and new steel drums, plastic drums, carboys and IBCs.