Taageer Finance CoOC (MUS:TFCI) Cash And Cash Equivalents : ر.ع12.02 Mil (As of Dec. 2023)

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What is Taageer Finance CoOC Cash And Cash Equivalents?

Taageer Finance CoOC's quarterly cash and cash equivalents increased from Dec. 2021 (ر.ع16.66 Mil) to Dec. 2022 (ر.ع17.33 Mil) but then stayed the same from Dec. 2022 (ر.ع17.33 Mil) to Dec. 2023 (ر.ع12.02 Mil).

Taageer Finance CoOC's annual cash and cash equivalents increased from Dec. 2021 (ر.ع16.66 Mil) to Dec. 2022 (ر.ع17.33 Mil) but then declined from Dec. 2022 (ر.ع17.33 Mil) to Dec. 2023 (ر.ع12.02 Mil).

Taageer Finance CoOC Cash And Cash Equivalents Historical Data

The historical data trend for Taageer Finance CoOC'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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Taageer Finance CoOC Cash And Cash Equivalents Chart

Taageer Finance CoOC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3.88

2.41

16.66

17.33

12.02

Taageer Finance CoOC Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial													3.88	2.41	16.66	17.33	12.02

Taageer Finance CoOC 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.

Taageer Finance CoOC (MUS:TFCI) 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.

Taageer Finance CoOC Cash And Cash Equivalents Related Terms

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Taageer Finance CoOC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Taageer Finance Co SAOC (MUS:TFCI) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Al Khuwair, Muscat, OMN, 136

Website

https://www.taageer.com

Taageer Finance Co SAOC is a non-banking finance company operating in Oman. The company operates in two segments corporate and retail. The Company is engaged in the business of providing leasing, working capital finance, and bill discounting to retail, SME, and corporate customers in the Sultanate of Oman. The company generates the majority of its revenue from the corporate segment and carries out business within the Sultanate of Oman.

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