Mooreast Holdings (SGX:1V3) Cash And Cash Equivalents : S$19.02 Mil (As of Jun. 2023)

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What is Mooreast Holdings Cash And Cash Equivalents?

Mooreast Holdings's quarterly cash and cash equivalents declined from Jun. 2022 (S$22.98 Mil) to Dec. 2022 (S$18.98 Mil) but then increased from Dec. 2022 (S$18.98 Mil) to Jun. 2023 (S$19.02 Mil).

Mooreast Holdings's annual cash and cash equivalents increased from Dec. 2020 (S$3.34 Mil) to Dec. 2021 (S$20.24 Mil) but then declined from Dec. 2021 (S$20.24 Mil) to Dec. 2022 (S$18.98 Mil).

Mooreast Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Mooreast Holdings'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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Mooreast Holdings Cash And Cash Equivalents Chart

Mooreast Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

3.34

20.24

18.98

Mooreast Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial			-	20.24	22.98	18.98	19.02

Mooreast Holdings 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.

Mooreast Holdings (SGX:1V3) 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.

Mooreast Holdings Cash And Cash Equivalents Related Terms

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Mooreast Holdings (SGX:1V3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mooreast Holdings Ltd (SGX:1V3) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Shipyard Road, Mooreast Offshore Base, Singapore, SGP, 628139

Website

https://www.mooreast.com

Mooreast Holdings Ltd is a total mooring solutions specialist, serving the offshore oil and gas, marine and offshore renewable energy industries. With strong in-house capabilities in design, engineering and fabrication, the company offers a full range of mooring solutions including the design, engineering, fabrication, supply, mobilisation and logistics, installation and commissioning services for mooring systems and mooring system components as well as the provision of rigging and heavy lifting equipment.

Mooreast Holdings (SGX:1V3) Headlines

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