MeGroup (SGX:SJY) Cash And Cash Equivalents : S$5.1 Mil (As of Sep. 2023)

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What is MeGroup Cash And Cash Equivalents?

MeGroup's quarterly cash and cash equivalents declined from Sep. 2022 (S$5.00 Mil) to Mar. 2023 (S$3.58 Mil) but then increased from Mar. 2023 (S$3.58 Mil) to Sep. 2023 (S$5.10 Mil).

MeGroup's annual cash and cash equivalents increased from Mar. 2021 (S$3.57 Mil) to Mar. 2022 (S$3.83 Mil) but then declined from Mar. 2022 (S$3.83 Mil) to Mar. 2023 (S$3.58 Mil).

MeGroup Cash And Cash Equivalents Historical Data

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

MeGroup Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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5.62

4.12

3.57

3.83

3.58

MeGroup Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial										3.52	3.83	5.00	3.58	5.10

MeGroup 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.

MeGroup (SGX:SJY) 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.

MeGroup Cash And Cash Equivalents Related Terms

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MeGroup (SGX:SJY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MeGroup Ltd (SGX:SJY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Cecil Street, No. 14-01 Keck Seng Tower, Singapore, SGP, 069535

Website

https://www.me-grp.com

MeGroup Ltd is an automotive company. The company is involved in the manufacturing of noise, vibration, and harshness (NVH) and non-NVH components for the automotive industry. The business activities of the group function through the manufacturing business and dealership business segments where the manufacturing business segment specializes in manufacturing NVH components such as headliners and engine outers which are incorporated into various parts of automobiles, including the ceiling, dashboard, hood, and boot, as well as non-NVH components such as parcel trays and board assembly decks and the dealership business derives the majority of revenue which comprises several 3S and 4S automobile dealerships for the sale of new automobiles.

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