GIIB Holdings Bhd (XKLS:7192) Cash And Cash Equivalents : RM2.35 Mil (As of Mar. 2024)

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What is GIIB Holdings Bhd Cash And Cash Equivalents?

GIIB Holdings Bhd's quarterly cash and cash equivalents increased from Sep. 2023 (RM2.53 Mil) to Dec. 2023 (RM4.49 Mil) but then stayed the same from Dec. 2023 (RM4.49 Mil) to Mar. 2024 (RM2.35 Mil).

GIIB Holdings Bhd's annual cash and cash equivalents increased from Dec. 2016 (RM3.07 Mil) to Jun. 2019 (RM8.46 Mil) but then declined from Jun. 2019 (RM8.46 Mil) to Jun. 2023 (RM2.40 Mil).

GIIB Holdings Bhd Cash And Cash Equivalents Historical Data

The historical data trend for GIIB Holdings 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.

GIIB Holdings Bhd Cash And Cash Equivalents Chart

GIIB Holdings Bhd Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

Jun23

Cash And Cash Equivalents

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19.06

10.24

3.07

8.46

2.40

GIIB Holdings Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															4.22	2.40	2.53	4.49	2.35

GIIB Holdings 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.

GIIB Holdings Bhd (XKLS:7192) 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.

GIIB Holdings Bhd Cash And Cash Equivalents Related Terms

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GIIB Holdings Bhd (XKLS:7192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GIIB Holdings Bhd (XKLS:7192) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot PT 1654 and PT 1657, Nilai Industrial Estate, Darul Khusus, Nilai, NSN, MYS, 71800

Website

https://www.giibworld.com

GIIB Holdings Bhd develops, manufactures, and markets rubber compounds and rubber related products in Malaysia. The company's operating segment includes Rubber compounds; Property development; Re-treading services; Trading and Others. It generates maximum revenue from the Rubber compounds segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Europe; the Rest of Asia; Oceanic; Africa, and North America. The firm offers its products under the Supercool, Tough Tread and Rubtek brands.

GIIB Holdings Bhd (XKLS:7192) Headlines

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