Ascent Bridge (SGX:AWG) Cash And Cash Equivalents : S$0.47 Mil (As of Sep. 2024)

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What is Ascent Bridge Cash And Cash Equivalents?

Ascent Bridge's quarterly cash and cash equivalents declined from Sep. 2023 (S$3.76 Mil) to Mar. 2024 (S$1.30 Mil) but then stayed the same from Mar. 2024 (S$1.30 Mil) to Sep. 2024 (S$0.47 Mil).

Ascent Bridge's annual cash and cash equivalents increased from Dec. 2020 (S$29.68 Mil) to Dec. 2021 (S$40.71 Mil) but then declined from Dec. 2021 (S$40.71 Mil) to Mar. 2024 (S$1.30 Mil).

Ascent Bridge Cash And Cash Equivalents Historical Data

The historical data trend for Ascent Bridge'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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Ascent Bridge Cash And Cash Equivalents Chart

Ascent Bridge Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar24

Cash And Cash Equivalents

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38.07

33.91

29.68

40.71

1.30

Ascent Bridge Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															40.71	12.99	3.76	1.30	0.47

Ascent Bridge 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.

Ascent Bridge (SGX:AWG) 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.

Ascent Bridge Cash And Cash Equivalents Related Terms

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Ascent Bridge Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascent Bridge Ltd (SGX:AWG) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

9 Temasek Boulevard, Number. 28-05 Suntec Tower Two, Singapore, SGP, 038989

Website

https://www.aei.com.sg

Ascent Bridge Ltd is a manufacturer, importer, and exporter of aluminum extrusion sections, metal materials, and other products. The segments of the company are Electronics and precision engineering which comprises mainly precision aluminum extrusions that form components of sophisticated products of the high-tech electronics and precision engineering industries which generate a majority of revenue for the company; and Construction and infrastructure building segment comprises mainly public infrastructure, building construction, interior fixtures, signage, and advertising panels in the construction, civil engineering, and infrastructure building industries.

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