ECM Libra Group Bhd (XKLS:2143) Cash And Cash Equivalents : RM8.85 Mil (As of Mar. 2024)

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What is ECM Libra Group Bhd Cash And Cash Equivalents?

ECM Libra Group Bhd's quarterly cash and cash equivalents declined from Sep. 2023 (RM42.00 Mil) to Dec. 2023 (RM12.11 Mil) but then stayed the same from Dec. 2023 (RM12.11 Mil) to Mar. 2024 (RM8.85 Mil).

ECM Libra Group Bhd's annual cash and cash equivalents declined from Dec. 2021 (RM17.71 Mil) to Dec. 2022 (RM11.78 Mil) but then increased from Dec. 2022 (RM11.78 Mil) to Dec. 2023 (RM12.11 Mil).

ECM Libra Group Bhd Cash And Cash Equivalents Historical Data

The historical data trend for ECM Libra 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.

* Premium members only.

ECM Libra Group Bhd Cash And Cash Equivalents Chart

ECM Libra Group Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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55.99

16.59

17.71

11.78

12.11

ECM Libra Group Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															10.40	47.81	42.00	12.11	8.85

ECM Libra 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.

ECM Libra Group Bhd (XKLS:2143) 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.

ECM Libra Group Bhd Cash And Cash Equivalents Related Terms

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ECM Libra Group Bhd (XKLS:2143) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ECM Libra Group Bhd (XKLS:2143) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Jalan Damansara Endah, Ground Floor, East Wing, Bangunan ECM Libra, Damansara Heights, Kuala Lumpur, MYS, 50490

Website

http://www.ecmlibra.com

ECM Libra Group Bhd is a Malaysia-based company, which is engaged in investment holding and provision of management services. The business of the company is classified into various segments which include Investment holding, Structured financing, and Hospitality. The investment holding segment includes general investments and corporate-related activities. The fund management segment includes unit trust funds and asset management. The structured financing segment includes structured lending and financial services-related activities. The Hospitality segment includes management and operations of hotels and restaurants and investment in the hospitality-related business through joint ventures.

ECM Libra Group Bhd (XKLS:2143) Headlines

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