Vetece Holdings Bhd (XKLS:0319) Cash And Cash Equivalents : RM32.42 Mil (As of Aug. 2024)

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What is Vetece Holdings Bhd Cash And Cash Equivalents?

Vetece Holdings Bhd's quarterly cash and cash equivalents declined from Aug. 2022 (RM17.13 Mil) to Aug. 2023 (RM5.37 Mil) but then increased from Aug. 2023 (RM5.37 Mil) to Aug. 2024 (RM32.42 Mil).

Vetece Holdings Bhd's annual cash and cash equivalents declined from Aug. 2022 (RM17.13 Mil) to Aug. 2023 (RM5.37 Mil) but then increased from Aug. 2023 (RM5.37 Mil) to Aug. 2024 (RM32.42 Mil).

Vetece Holdings Bhd Cash And Cash Equivalents Historical Data

The historical data trend for Vetece Holdings 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.

Vetece Holdings Bhd Cash And Cash Equivalents Chart

Vetece Holdings Bhd Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

Cash And Cash Equivalents

15.95

17.13

5.37

32.42

Vetece Holdings Bhd Semi-Annual Data
	Aug21	Aug22	Aug23	Aug24
Cash And Cash Equivalents	15.95	17.13	5.37	32.42

Vetece Holdings 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.

Vetece Holdings Bhd (XKLS:0319) 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.

Vetece Holdings Bhd Cash And Cash Equivalents Related Terms

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Vetece Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vetece Holdings Bhd (XKLS:0319) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Kerinchi, E-32-3A and E-32-03, Menara Suezcap 2, KL Gateway, Gerbang Kerinchi Lestari, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.vtcholding.com

Vetece Holdings Bhd is an investment holding company. Through its subsidiaries, it is principally an enterprise IT solutions provider, providing implementation services, maintenance, support and professional services as well as resale of hardware and software. The company assists its clients in the implementation process involving design, installation, customization and configuration, data integration, testing and deployment of the enterprise IT solutions to ensure that it seamlessly integrates with clients' systems. Post-implementation process, It will continue to provide ongoing support through maintenance, support and professional services which include maintenance and upgrades of the systems, as well as providing training to clients' employees.

Vetece Holdings Bhd Headlines

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