Raffles Education (Raffles Education) Cash And Cash Equivalents : $35.75 Mil (As of Dec. 2023)

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What is Raffles Education Cash And Cash Equivalents?

Raffles Education's quarterly cash and cash equivalents declined from Dec. 2022 ($37.66 Mil) to Jun. 2023 ($17.98 Mil) but then increased from Jun. 2023 ($17.98 Mil) to Dec. 2023 ($35.75 Mil).

Raffles Education's annual cash and cash equivalents increased from Jun. 2021 ($22.14 Mil) to Jun. 2022 ($27.04 Mil) but then declined from Jun. 2022 ($27.04 Mil) to Jun. 2023 ($17.98 Mil).

Raffles Education Cash And Cash Equivalents Historical Data

The historical data trend for Raffles Education'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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Raffles Education Cash And Cash Equivalents Chart

Raffles Education Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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25.56

6.01

22.14

27.04

17.98

Raffles Education Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															34.51	27.04	37.66	17.98	35.75

Raffles Education 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.

Raffles Education (OTCPK:RFLFF) 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.

Raffles Education Cash And Cash Equivalents Related Terms

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Raffles Education (Raffles Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Raffles Education Ltd (OTCPK:RFLFF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

NR7:Singapore

Address

111 Somerset, Unit No. 15-22, Singapore, SGP, 238164

Website

https://www.raffles.education

Raffles Education Ltd operates as an investment holding company, which engages in providing business and management consultancy services. It operates through the following business segments: Education, Education Facilities Rental Service, Real Estate Investment and Development, and Corporate and Others. The Education segment offers students a range of degree, diploma and full-time certification programmes in design and business-oriented disciplines at the post-secondary level. The Education Facilities Rental Service segment refers to the OUCHK engaging in education facilities leasing and commercial leasing for supporting facilities. The Real Estate Investment and Development segment participates in real estate investments and development.