United Wire Factories Co (SAU:1301) Cash And Cash Equivalents : ﷼50.4 Mil (As of Mar. 2024)

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What is United Wire Factories Co Cash And Cash Equivalents?

United Wire Factories Co's quarterly cash and cash equivalents declined from Jun. 2023 (﷼123.11 Mil) to Sep. 2023 (﷼93.11 Mil) but then stayed the same from Sep. 2023 (﷼93.11 Mil) to Mar. 2024 (﷼50.37 Mil).

United Wire Factories Co's annual cash and cash equivalents declined from Dec. 2020 (﷼162.66 Mil) to Dec. 2021 (﷼127.80 Mil) but then increased from Dec. 2021 (﷼127.80 Mil) to Dec. 2022 (﷼150.29 Mil).

United Wire Factories Co Cash And Cash Equivalents Historical Data

The historical data trend for United Wire Factories 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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United Wire Factories Co Cash And Cash Equivalents Chart

United Wire Factories Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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227.13

283.40

162.66

127.80

150.29

United Wire Factories Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															150.29	116.23	123.11	93.11	50.37

United Wire Factories 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.

United Wire Factories Co (SAU:1301) 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.

United Wire Factories Co Cash And Cash Equivalents Related Terms

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United Wire Factories Co (SAU:1301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » United Wire Factories Co (SAU:1301) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Second Industrial Area, P.O. Box 355208, Riyadh, SAU, 11383

Website

https://www.unitedwires.com.sa

United Wire Factories Co is engaged in the manufacturing of metal wires and other construction-related products. The company operates in two segments: Construction and Civil. The vast majority of its revenue comes from the construction sector, which includes rebar activities, floor gratings, spikes, fence nets, barbed wire, and wire mesh. Some of its products include Steel Rebar, Concertina Wires, Welded Wires Mesh, Cloth Hangers, wood, Fence, Nails, Block Ladder Mesh, Galvanized Wire, and PVC Coated Wires.

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