Solid Automotive Bhd (XKLS:5242) Cash And Cash Equivalents : RM72.5 Mil (As of Jul. 2024)

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What is Solid Automotive Bhd Cash And Cash Equivalents?

Solid Automotive Bhd's quarterly cash and cash equivalents increased from Jan. 2024 (RM25.51 Mil) to Apr. 2024 (RM29.44 Mil) and increased from Apr. 2024 (RM29.44 Mil) to Jul. 2024 (RM72.50 Mil).

Solid Automotive Bhd's annual cash and cash equivalents declined from Apr. 2022 (RM34.97 Mil) to Apr. 2023 (RM23.58 Mil) but then increased from Apr. 2023 (RM23.58 Mil) to Apr. 2024 (RM29.44 Mil).

Solid Automotive Bhd Cash And Cash Equivalents Historical Data

The historical data trend for Solid Automotive 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.

Solid Automotive Bhd Cash And Cash Equivalents Chart

Solid Automotive Bhd Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash And Cash Equivalents

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14.58

27.10

34.97

23.58

29.44

Solid Automotive Bhd Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash And Cash Equivalents	Get a 7-Day Free Trial															19.37	20.54	25.51	29.44	72.50

Solid Automotive 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.

Solid Automotive Bhd (XKLS:5242) 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.

Solid Automotive Bhd Cash And Cash Equivalents Related Terms

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Solid Automotive Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solid Automotive Bhd (XKLS:5242) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

PLO 436, Jalan Gangsa, Kawasan Perindustrian Pasir Gudang, Pasir Gudang, JHR, MYS, 81700

Website

https://www.solidautomotive.com

Solid Automotive Bhd is engaged in the business of investment holding and the provision of management services. The company's operating segment includes Automotive electrical parts; Automotive engine and mechanical parts and Others. It generates maximum revenue from the Automotive electrical parts segment. Automotive electrical parts segment is involved in the trading and distribution of automotive batteries, lubricants, industrial supplies, electrical parts, and components. Geographically, it derives a majority of revenue from Malaysia and also has a presence in the Middle East and Africa and Other Countries.

Solid Automotive Bhd Headlines

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