Nova Wellness Group Bhd (XKLS:0201) Cash And Cash Equivalents : RM7.78 Mil (As of Dec. 2023)

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What is Nova Wellness Group Bhd Cash And Cash Equivalents?

Nova Wellness Group Bhd's quarterly cash and cash equivalents increased from Jun. 2023 (RM0.79 Mil) to Sep. 2023 (RM8.73 Mil) but then stayed the same from Sep. 2023 (RM8.73 Mil) to Dec. 2023 (RM7.78 Mil).

Nova Wellness Group Bhd's annual cash and cash equivalents declined from Jun. 2021 (RM1.72 Mil) to Jun. 2022 (RM1.05 Mil) and declined from Jun. 2022 (RM1.05 Mil) to Jun. 2023 (RM0.79 Mil).

Nova Wellness Group Bhd Cash And Cash Equivalents Historical Data

The historical data trend for Nova Wellness Group 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.

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Nova Wellness Group Bhd Cash And Cash Equivalents Chart

Nova Wellness Group Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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30.73

1.96

1.72

1.05

0.79

Nova Wellness Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															12.04	6.96	0.79	8.73	7.78

Nova Wellness Group 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.

Nova Wellness Group Bhd (XKLS:0201) 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.

Nova Wellness Group Bhd Cash And Cash Equivalents Related Terms

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Nova Wellness Group Bhd (XKLS:0201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nova Wellness Group Bhd (XKLS:0201) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 708, Nova Avenue, Sepang, Sungai Pelek, SGR, MYS, 43950

Website

https://www.nova.my

Nova Wellness Group Bhd is engaged in development, production and sale of nutraceutical products and skincare products and providing contact manufacture of nutraceutical products. Natural Supplements, Nova Kids, Nutritional Products, Health Foods, Medical Nutrition, Personal Care, Personal Protection, Gift Of Health and Aromatherapy. The company operates into two segments; House-brand products segment and contract manufacturing and service segment. Maximum revenue is generated from House-brand products segment.

Nova Wellness Group Bhd (XKLS:0201) Headlines

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