AME REIT (XKLS:5307) Cash And Cash Equivalents : RM20.57 Mil (As of Jun. 2024)

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What is AME REIT Cash And Cash Equivalents?

AME REIT's quarterly cash and cash equivalents increased from Dec. 2023 (RM20.32 Mil) to Mar. 2024 (RM20.55 Mil) and increased from Mar. 2024 (RM20.55 Mil) to Jun. 2024 (RM20.57 Mil).

AME REIT's annual cash and cash equivalents increased from Mar. 2022 (RM0.00 Mil) to Mar. 2023 (RM10.66 Mil) and increased from Mar. 2023 (RM10.66 Mil) to Mar. 2024 (RM20.55 Mil).

AME REIT Cash And Cash Equivalents Historical Data

The historical data trend for AME REIT'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.

AME REIT Cash And Cash Equivalents Chart

AME REIT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

10.66

20.55

AME REIT Quarterly Data
	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial						13.20	13.87	20.32	20.55	20.57

AME REIT 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.

AME REIT (XKLS:5307) 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.

AME REIT Cash And Cash Equivalents Related Terms

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AME REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AME REIT (XKLS:5307) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan I-Park SAC 1/1, Taman Perindustrian I-Park SAC, Senai, JHR, MYS, 81400

Website

https://www.amereit.com.my

AME REIT is engaged in investing directly and indirectly in a Shariah compliant portfolio of income income producing Real Estate used primarily for industrial and industrial-related purposes in Malaysia and overseas. The company's portfolio consists of 34 subject properties with 31 industrial properties and around 3 industrial related properties known as Dormitories which are freehold properties.

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