Medinex (SGX:OTX) Cash And Cash Equivalents : S$2.75 Mil (As of Sep. 2024)

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What is Medinex Cash And Cash Equivalents?

Medinex's quarterly cash and cash equivalents declined from Sep. 2023 (S$4.50 Mil) to Mar. 2024 (S$3.17 Mil) but then stayed the same from Mar. 2024 (S$3.17 Mil) to Sep. 2024 (S$2.75 Mil).

Medinex's annual cash and cash equivalents declined from Mar. 2022 (S$5.82 Mil) to Mar. 2023 (S$3.63 Mil) and declined from Mar. 2023 (S$3.63 Mil) to Mar. 2024 (S$3.17 Mil).

Medinex Cash And Cash Equivalents Historical Data

The historical data trend for Medinex'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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Medinex Cash And Cash Equivalents Chart

Medinex Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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4.98

5.11

5.82

3.63

3.17

Medinex Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial										3.92	3.63	4.50	3.17	2.75

Medinex 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.

Medinex (SGX:OTX) 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.

Medinex Cash And Cash Equivalents Related Terms

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Medinex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medinex Ltd (SGX:OTX) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

111 North Bridge Road, No. 23-04, Peninsula Plaza, Singapore, SGP, 179098

Website

https://www.medinex.com.sg

Medinex Ltd is an investment holding company. The company has four business segments: Medical Support Services, Business Support Services, Pharmaceutical Services, and Medical Services. The company generates maximum revenue from the Medical Support Services segment. The Medical support services business segment provides professional services to clients in primary and secondary healthcare sectors comprising general practitioners and specialists.

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