Stamford Tyres (SGX:S29) Cash And Cash Equivalents : S$38.1 Mil (As of Oct. 2024)

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What is Stamford Tyres Cash And Cash Equivalents?

Stamford Tyres's quarterly cash and cash equivalents declined from Oct. 2023 (S$34.76 Mil) to Apr. 2024 (S$32.54 Mil) but then increased from Apr. 2024 (S$32.54 Mil) to Oct. 2024 (S$38.14 Mil).

Stamford Tyres's annual cash and cash equivalents declined from Apr. 2022 (S$35.84 Mil) to Apr. 2023 (S$30.29 Mil) but then increased from Apr. 2023 (S$30.29 Mil) to Apr. 2024 (S$32.54 Mil).

Stamford Tyres Cash And Cash Equivalents Historical Data

The historical data trend for Stamford Tyres'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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Stamford Tyres Cash And Cash Equivalents Chart

Stamford Tyres Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash And Cash Equivalents

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25.73

41.83

35.84

30.29

32.54

Stamford Tyres Semi-Annual Data
	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial															28.30	30.29	34.76	32.54	38.14

Stamford Tyres 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.

Stamford Tyres (SGX:S29) 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.

Stamford Tyres Cash And Cash Equivalents Related Terms

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Stamford Tyres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Stamford Tyres Corp Ltd (SGX:S29) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

19 Lok Yang Way, Jurong, Singapore, SGP, 628635

Website

http://www.stamfordtyres.com

Stamford Tyres Corp Ltd is an investment holding company. The company is engaged in retailing and distribution of tyres and wheels, design and contract manufacturing of tyres for proprietary brands as well as tyre retreading, equipment trading, servicing of motor vehicles, and manufacturing and sale of aluminium alloy wheels. The company's geographical segment includes South East Asia, North Asia, Africa, and Others. It generates maximum revenue from South East Asia.

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