Atlas Elevators General Trading and Contracting Co (SAU:9578) Cash And Cash Equivalents : ﷼21.35 Mil (As of Jun. 2024)

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What is Atlas Elevators General Trading and Contracting Co Cash And Cash Equivalents?

Atlas Elevators General Trading and Contracting Co's quarterly cash and cash equivalents increased from Jun. 2023 (﷼0.00 Mil) to Dec. 2023 (﷼29.62 Mil) but then stayed the same from Dec. 2023 (﷼29.62 Mil) to Jun. 2024 (﷼21.35 Mil).

Atlas Elevators General Trading and Contracting Co's annual cash and cash equivalents increased from . 20 (﷼0.00 Mil) to Dec. 2022 (﷼12.85 Mil) and increased from Dec. 2022 (﷼12.85 Mil) to Dec. 2023 (﷼29.62 Mil).

Atlas Elevators General Trading and Contracting Co Cash And Cash Equivalents Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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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Atlas Elevators General Trading and Contracting Co Cash And Cash Equivalents Chart

Atlas Elevators General Trading and Contracting Co Annual Data

Trend

Dec22

Dec23

Cash And Cash Equivalents

12.85

29.62

Atlas Elevators General Trading and Contracting Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	12.85	-	29.62	21.35

Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co (SAU:9578) 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.

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Atlas Elevators General Trading and Contracting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU

Website

https://www.atlaslifts-sa.net

Atlas Elevators General Trading and Contracting Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

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