Mega First Bhd (XKLS:3069) Cash And Cash Equivalents : RM643 Mil (As of Sep. 2024)

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What is Mega First Bhd Cash And Cash Equivalents?

Mega First Bhd's quarterly cash and cash equivalents increased from Mar. 2024 (RM531.76 Mil) to Jun. 2024 (RM660.80 Mil) but then stayed the same from Jun. 2024 (RM660.80 Mil) to Sep. 2024 (RM642.65 Mil).

Mega First Bhd's annual cash and cash equivalents increased from Dec. 2021 (RM254.92 Mil) to Dec. 2022 (RM487.89 Mil) but then declined from Dec. 2022 (RM487.89 Mil) to Dec. 2023 (RM479.91 Mil).

Mega First Bhd Cash And Cash Equivalents Historical Data

The historical data trend for Mega First 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.

Mega First Bhd Cash And Cash Equivalents Chart

Mega First Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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89.38

89.95

254.92

487.89

479.91

Mega First Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															642.05	479.91	531.76	660.80	642.65

Mega First 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.

Mega First Bhd (XKLS:3069) 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.

Mega First Bhd Cash And Cash Equivalents Related Terms

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Mega First Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Mega First Corp Bhd (XKLS:3069) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

23 Jalan Barat, A-12-01, Level 12, Block A, PJ8, Seksyen 8, Petaling Jaya, SGR, MYS, 46050

Website

http://www.mega-first.com

Mega First Corp Bhd is an investment holding company. The group is organized into three main business segments as follows - Renewable Energy, Resources, and Packaging. The Renewable Energy segment builds, owns, and operates power plants. The Resources segment is engaged in the quarrying of limestone manufacturing and trading of lime products, calcium carbonate powder, and bricks. The Packaging segment is engaged in the Manufacturing and distribution of packaging and label products. The majority of its revenue is derived from the Renewable Energy segment. Geographically, the majority is from the Lao PDR and Malaysia.

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