Sure Global Tech Co (SAU:9550) Cash And Cash Equivalents : ﷼27.9 Mil (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Sure Global Tech Co Cash And Cash Equivalents?

Sure Global Tech Co's quarterly cash and cash equivalents increased from Jun. 2023 (﷼37.08 Mil) to Dec. 2023 (﷼65.63 Mil) but then stayed the same from Dec. 2023 (﷼65.63 Mil) to Jun. 2024 (﷼27.94 Mil).

Sure Global Tech Co's annual cash and cash equivalents increased from Dec. 2021 (﷼30.64 Mil) to Dec. 2022 (﷼51.48 Mil) and increased from Dec. 2022 (﷼51.48 Mil) to Dec. 2023 (﷼65.63 Mil).

Sure Global Tech Co Cash And Cash Equivalents Historical Data

The historical data trend for Sure Global Tech 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.

* Premium members only.

Sure Global Tech Co Cash And Cash Equivalents Chart

Sure Global Tech Co Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

30.64

51.48

65.63

Sure Global Tech Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial			-	51.48	37.08	65.63	27.94

Sure Global Tech 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.

Sure Global Tech Co (SAU:9550) 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.

Sure Global Tech Co Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Sure Global Tech Co's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Sure Global Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281

Website

https://www.sure.com.sa

Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

Sure Global Tech Co Headlines

No Headlines