Paints and Chemical Industries Co (LSE:47KT) Cash And Cash Equivalents : $7.63 Mil (As of Jun. 2018)

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What is Paints and Chemical Industries Co Cash And Cash Equivalents?

Paints and Chemical Industries Co's quarterly cash and cash equivalents increased from . 20 ($0.00 Mil) to Jun. 2017 ($10.89 Mil) but then stayed the same from Jun. 2017 ($10.89 Mil) to Jun. 2018 ($7.63 Mil).

Paints and Chemical Industries Co's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Jun. 2017 ($10.89 Mil) but then declined from Jun. 2017 ($10.89 Mil) to Jun. 2018 ($7.63 Mil).

Paints and Chemical Industries Co Cash And Cash Equivalents Historical Data

The historical data trend for Paints and Chemical Industries Co'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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Paints and Chemical Industries Co Cash And Cash Equivalents Chart

Paints and Chemical Industries Co Annual Data

Trend

Jun17

Jun18

Cash And Cash Equivalents

10.89

7.63

Paints and Chemical Industries Co Semi-Annual Data
	Jun17	Jun18
Cash And Cash Equivalents	10.89	7.63

Paints and Chemical Industries Co 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.

Paints and Chemical Industries Co (LSE:47KT) 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.

Paints and Chemical Industries Co Cash And Cash Equivalents Related Terms

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Paints and Chemical Industries Co (LSE:47KT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Elmassanie Street, P.O. Box 11887,Elamiriya, Cario, EGY

Website

http://www.pachin.net

Paints and Chemical Industries Co is an Egypt-based company engaged in the manufacturing of paints, varnishes, industrial chemicals, printing inks, animal extracts and other related products. The product portfolio of the group consists of Decorative paints, Industrial paints, Printing inks and alkyd resin. The majority of income for the group is generated through the sale of products. It also exports all the products of paints to Libya, Saudi Arabia, Syria, Cyprus, Kenya, Sudan, and Equatorial Guinea.

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