First Mutual Properties (XZIM:FMP.ZW) Cash And Cash Equivalents : ZWL4,411 Mil (As of Jun. 2023)

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What is First Mutual Properties Cash And Cash Equivalents?

First Mutual Properties's quarterly cash and cash equivalents declined from Jun. 2022 (ZWL779.01 Mil) to Dec. 2022 (ZWL675.97 Mil) but then increased from Dec. 2022 (ZWL675.97 Mil) to Jun. 2023 (ZWL4,411.34 Mil).

First Mutual Properties's annual cash and cash equivalents increased from Dec. 2020 (ZWL199.37 Mil) to Dec. 2021 (ZWL793.38 Mil) but then declined from Dec. 2021 (ZWL793.38 Mil) to Dec. 2022 (ZWL675.97 Mil).

First Mutual Properties Cash And Cash Equivalents Historical Data

The historical data trend for First Mutual Properties'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.

First Mutual Properties Cash And Cash Equivalents Chart

First Mutual Properties Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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3.49

81.38

199.37

793.38

675.97

First Mutual Properties Semi-Annual Data
	Jun09	Jun11	Dec11	Jun12	Dec12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial										96.31	793.38	779.01	675.97	4,411.34

First Mutual Properties 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.

First Mutual Properties (XZIM:FMP.ZW) 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.

First Mutual Properties Cash And Cash Equivalents Related Terms

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First Mutual Properties (XZIM:FMP.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Mutual Properties Ltd (XZIM:FMP.ZW) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

100 Borrowdale Road, First Floor, First Mutual Park, Borrowdale, Harare, ZWE

Website

https://www.firstmutual.co.zw

First Mutual Properties Ltd is principally engaged in property investment, development, and management. The segments of the company include office, retail and industrial properties. The office segment acquires, develops and leases office in the central business district and office parks. Office comprise the high rise central business district buildings and office parks in Zimbabwe. The retail segment acquires, develops and leases shops, and the industrial segment comprises properties situated in designated industrial areas of Zimbabwe. The industrial segment comprises properties situated in designated industrial areas of Zimbabwe.

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