SIK Cheong Bhd (XKLS:0316) Cash And Cash Equivalents : RM20.70 Mil (As of Dec. 2024)

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What is SIK Cheong Bhd Cash And Cash Equivalents?

SIK Cheong Bhd's quarterly cash and cash equivalents increased from Mar. 2024 (RM13.64 Mil) to Sep. 2024 (RM20.03 Mil) and increased from Sep. 2024 (RM20.03 Mil) to Dec. 2024 (RM20.70 Mil).

SIK Cheong Bhd's annual cash and cash equivalents increased from Mar. 2022 (RM6.79 Mil) to Mar. 2023 (RM11.66 Mil) and increased from Mar. 2023 (RM11.66 Mil) to Mar. 2024 (RM13.64 Mil).

SIK Cheong Bhd Cash And Cash Equivalents Historical Data

The historical data trend for SIK Cheong 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.

SIK Cheong Bhd Cash And Cash Equivalents Chart

SIK Cheong Bhd Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

5.55

6.79

11.66

13.64

SIK Cheong Bhd Quarterly Data
	Mar21	Mar22	Mar23	Mar24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial			6.79	11.66	13.64	20.03	20.70

SIK Cheong 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.

SIK Cheong Bhd (XKLS:0316) 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.

SIK Cheong Bhd Cash And Cash Equivalents Related Terms

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SIK Cheong Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SIK Cheong Bhd (XKLS:0316) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11, Jalan 6/14, Kampung Tasik Tambahan, Darul Ehsan, Ampang, SGR, MYS, 68000

Website

https://www.sikcheong.com.my

SIK Cheong Bhd is involved in the repackaging, marketing and distribution of RBD palm olein oil products. Its products include RBD palm olein cooking oil, which are sold under brands, Sawit Emas and Vitamas, or sold unbranded and also sell RBD palm olein lamp oil under brand, Pingat Emas. The company products are consumed and used commercially and in households.

SIK Cheong Bhd Headlines

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