GFM Services Bhd (XKLS:0039) Cash And Cash Equivalents : RM141.2 Mil (As of Jun. 2024)

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What is GFM Services Bhd Cash And Cash Equivalents?

GFM Services Bhd's quarterly cash and cash equivalents increased from Dec. 2023 (RM44.88 Mil) to Mar. 2024 (RM112.53 Mil) and increased from Mar. 2024 (RM112.53 Mil) to Jun. 2024 (RM141.21 Mil).

GFM Services Bhd's annual cash and cash equivalents increased from Dec. 2021 (RM34.55 Mil) to Dec. 2022 (RM52.13 Mil) but then declined from Dec. 2022 (RM52.13 Mil) to Dec. 2023 (RM44.88 Mil).

GFM Services Bhd Cash And Cash Equivalents Historical Data

The historical data trend for GFM Services Bhd'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.

* Premium members only.

GFM Services Bhd Cash And Cash Equivalents Chart

GFM Services Bhd Annual Data

Trend

Aug14

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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28.82

28.53

34.55

52.13

44.88

GFM Services Bhd Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															95.29	93.83	44.88	112.53	141.21

GFM Services Bhd 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.

GFM Services Bhd (XKLS:0039) 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.

GFM Services Bhd Cash And Cash Equivalents Related Terms

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GFM Services Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GFM Services Bhd (XKLS:0039) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

A-3A-1 Melawati Corporate Centre, Jalan Bandar Melawati, Taman Melawati, Kuala Lumpur, SGR, MYS, 53100

Website

https://www.gfmservices.com.my

GFM Services Bhd is an investment holding company. Its core business is in providing Facilities Management services which include the provision of facilities operations, maintenance and management, engineering services, facilities consultancy and advisory, and facilities management services. The Concession arrangements business involves the construction and maintenance of facilities and infrastructure.

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