Global Financial Investments HoldingOG (MUS:GFIC) Cash And Cash Equivalents : ر.ع16.24 Mil (As of Dec. 2024)

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What is Global Financial Investments HoldingOG Cash And Cash Equivalents?

Global Financial Investments HoldingOG's quarterly cash and cash equivalents declined from Sep. 2023 (ر.ع10.31 Mil) to Dec. 2023 (ر.ع9.60 Mil) but then increased from Dec. 2023 (ر.ع9.60 Mil) to Dec. 2024 (ر.ع16.24 Mil).

Global Financial Investments HoldingOG's annual cash and cash equivalents increased from Dec. 2022 (ر.ع3.13 Mil) to Dec. 2023 (ر.ع9.60 Mil) and increased from Dec. 2023 (ر.ع9.60 Mil) to Dec. 2024 (ر.ع16.24 Mil).

Global Financial Investments HoldingOG Cash And Cash Equivalents Historical Data

The historical data trend for Global Financial Investments HoldingOG'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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Global Financial Investments HoldingOG Cash And Cash Equivalents Chart

Global Financial Investments HoldingOG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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2.58

6.79

3.13

9.60

16.24

Global Financial Investments HoldingOG Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															10.39	6.06	10.31	9.60	16.24

Global Financial Investments HoldingOG 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.

Global Financial Investments HoldingOG (MUS:GFIC) 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.

Global Financial Investments HoldingOG Cash And Cash Equivalents Related Terms

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Global Financial Investments HoldingOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Global Financial Investments Holding SAOG (MUS:GFIC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 978, Muscat, OMN, 113

Website

https://www.gfioman.com

Global Financial Investments Holding SAOG through its subsidiaries is engaged in brokerage, investment consultancy services, educational and training services, logistic services, leasing and financing services, manufacturing of aluminum products, and production and manufacturing of industrial gas. Its principal activity includes Brokerage and Investment, Educational and Training, and the majority of its revenue is derived from Educational and Training. Its group operates in two principal geographical areas the Sultanate of Oman and the United Arab Emirates out of which the Sultanate of Oman contributes the majority of total revenue.

Global Financial Investments HoldingOG Headlines

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