Wong Engineering Bhd (XKLS:7050) Cash And Cash Equivalents : RM18.21 Mil (As of Oct. 2024)

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What is Wong Engineering Bhd Cash And Cash Equivalents?

Wong Engineering Bhd's quarterly cash and cash equivalents declined from Apr. 2024 (RM20.61 Mil) to Jul. 2024 (RM17.94 Mil) but then increased from Jul. 2024 (RM17.94 Mil) to Oct. 2024 (RM18.21 Mil).

Wong Engineering Bhd's annual cash and cash equivalents increased from Oct. 2022 (RM14.26 Mil) to Oct. 2023 (RM23.50 Mil) but then declined from Oct. 2023 (RM23.50 Mil) to Oct. 2024 (RM18.21 Mil).

Wong Engineering Bhd Cash And Cash Equivalents Historical Data

The historical data trend for Wong Engineering 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.

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Wong Engineering Bhd Cash And Cash Equivalents Chart

Wong Engineering Bhd Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash And Cash Equivalents

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13.86

18.44

14.26

23.50

18.21

Wong Engineering Bhd Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial															23.50	19.92	20.61	17.94	18.21

Wong Engineering 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.

Wong Engineering Bhd (XKLS:7050) 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.

Wong Engineering Bhd Cash And Cash Equivalents Related Terms

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Wong Engineering Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wong Engineering Corp Bhd (XKLS:7050) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 24, Jalan Hi-Tech 4, Phase 1, Kulim Hi-Tech Park (Phase 1), Kulim, KDH, MYS, 09000

Website

https://www.wec.com.my

Wong Engineering Corp Bhd is engaged in manufacturing of high precision stamped and turned metal parts and components, complex welded frame structure, related modules and systems as well as trading, marketing and retailing of industrial and consumer products. The segments of the company are, 1) Precision engineering which includes the design and manufacture of high-precision metal stamped parts and sheet metals. 2) Construction and property development includes the provision of general buildings construction and infrastructure work and the provision of property development and related business. 3) Others include Investment holding. The company derives maximum revenue from Precision and engineering Segment.

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