Asia Enterprises Holding (SGX:A55) Cash And Cash Equivalents : S$41.88 Mil (As of Dec. 2023)

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What is Asia Enterprises Holding Cash And Cash Equivalents?

Asia Enterprises Holding's quarterly cash and cash equivalents declined from Dec. 2022 (S$33.74 Mil) to Jun. 2023 (S$21.59 Mil) but then increased from Jun. 2023 (S$21.59 Mil) to Dec. 2023 (S$41.88 Mil).

Asia Enterprises Holding's annual cash and cash equivalents declined from Dec. 2021 (S$44.28 Mil) to Dec. 2022 (S$33.74 Mil) but then increased from Dec. 2022 (S$33.74 Mil) to Dec. 2023 (S$41.88 Mil).

Asia Enterprises Holding Cash And Cash Equivalents Historical Data

The historical data trend for Asia Enterprises Holding'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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Asia Enterprises Holding Cash And Cash Equivalents Chart

Asia Enterprises Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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47.42

51.17

44.28

33.74

41.88

Asia Enterprises Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															44.28	43.12	33.74	21.59	41.88

Asia Enterprises Holding 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.

Asia Enterprises Holding (SGX:A55) 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.

Asia Enterprises Holding Cash And Cash Equivalents Related Terms

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Asia Enterprises Holding (SGX:A55) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Enterprises Holding Ltd (SGX:A55) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Pioneer Sector Walk, Singapore, SGP, 627897

Website

http://www.asiaenterprises.com.sg

Asia Enterprises Holding Ltd is an investment holding firm. It's in the distribution of steel products to marine and Offshore Industries. The company operates through three segments namely, Steel distribution comprises of procuring, distributing, and trading of steel products; the Provision of steel processing segment is involved in the processing of steel materials for sale and the corporate segment is engaged in investment and management activities. Most of its revenue is earned from the Steel distribution segment. Geographically, it derives majority revenue from the Singapore market, while it also has a presence in Indonesia, Malaysia, and other countries.

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