Red Sea International Co (SAU:4230) Cash And Cash Equivalents : ﷼79 Mil (As of Mar. 2024)

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What is Red Sea International Co Cash And Cash Equivalents?

Red Sea International Co's quarterly cash and cash equivalents declined from Sep. 2023 (﷼262.56 Mil) to Dec. 2023 (﷼157.64 Mil) but then stayed the same from Dec. 2023 (﷼157.64 Mil) to Mar. 2024 (﷼79.11 Mil).

Red Sea International Co's annual cash and cash equivalents increased from Dec. 2021 (﷼5.84 Mil) to Dec. 2022 (﷼32.34 Mil) and increased from Dec. 2022 (﷼32.34 Mil) to Dec. 2023 (﷼157.64 Mil).

Red Sea International Co Cash And Cash Equivalents Historical Data

The historical data trend for Red Sea International 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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Red Sea International Co Cash And Cash Equivalents Chart

Red Sea International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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107.08

31.59

5.84

32.34

157.64

Red Sea International Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															8.16	40.30	262.56	157.64	79.11

Red Sea International 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.

Red Sea International Co (SAU:4230) 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.

Red Sea International Co Cash And Cash Equivalents Related Terms

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Red Sea International Co (SAU:4230) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport street, Riyadh Front, P.O Box 9371, Al-Rimal District, Riyadh, SAU, 21431

Website

https://www.redseahousing.com

Red Sea International Co provides modular living and working environments for industrial and residential communities. It provides civil contracting for commercial and residential buildings; offers real estate property investment and development; production of paints, coatings, construction machinery, and equipment; repair and maintenance services. The company has three reportable segments: Non-concrete residential and commercial buildings being the highest revenue driver; Rentals from investment properties; Paints and related services. It has a presence in Saudi Arabia, Ghana, United Arab Emirates, Papua New Guinea, Algeria, and others.

Red Sea International Co (SAU:4230) Headlines

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