Sameer Africa (NAI:SMER) Cash And Cash Equivalents : KES0.0 Mil (As of Jun. 2023)

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What is Sameer Africa Cash And Cash Equivalents?

Sameer Africa's quarterly cash and cash equivalents increased from Jun. 2022 (KES0.00 Mil) to Dec. 2022 (KES142.87 Mil) but then stayed the same from Dec. 2022 (KES142.87 Mil) to Jun. 2023 (KES0.00 Mil).

Sameer Africa's annual cash and cash equivalents declined from Dec. 2020 (KES63.53 Mil) to Dec. 2021 (KES38.88 Mil) but then increased from Dec. 2021 (KES38.88 Mil) to Dec. 2022 (KES142.87 Mil).

Sameer Africa Cash And Cash Equivalents Historical Data

The historical data trend for Sameer Africa'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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Sameer Africa Cash And Cash Equivalents Chart

Sameer Africa Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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47.29

39.40

63.53

38.88

142.87

Sameer Africa Semi-Annual Data
	Dec11	Dec12	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	38.88	-	142.87	-

Sameer Africa 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.

Sameer Africa (NAI:SMER) 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.

Sameer Africa Cash And Cash Equivalents Related Terms

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Sameer Africa (NAI:SMER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sameer Africa Ltd (NAI:SMER) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Mombasa Road Junction, PO Box 30429, LR No. 12081/9, Nairobi, KEN, 00100

Website

https://www.sameerafrica.com

Sameer Africa Ltd engages in the manufacturing and distribution of tyres and allied products and the letting of investment property. The company operates through four business segments: sourcing and distribution, regional operations, Yana tyre centre, and rental business where the sourcing and distribution segment is engaged in the manufacturing and distribution of tires, tubes, and flaps, the regional operations segment engages in the buying and distribution of tires, tubes, and flaps in the Eastern Africa region, Yana tyre center segment is involved in the retailing of tires, tubes, and flaps, and the provision of tire-related services and the rental business segment is engaged in the letting of investment properties.

Sameer Africa (NAI:SMER) Headlines

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