Aboitiz Power (Aboitiz Power) Cash, Cash Equivalents, Marketable Securities : $921 Mil (As of Mar. 2024)

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What is Aboitiz Power Cash, Cash Equivalents, Marketable Securities?

Aboitiz Power's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($935.12 Mil) to Dec. 2023 ($937.02 Mil) but then stayed the same from Dec. 2023 ($937.02 Mil) to Mar. 2024 ($921.39 Mil).

Aboitiz Power's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($981.54 Mil) to Dec. 2022 ($1,112.69 Mil) but then declined from Dec. 2022 ($1,112.69 Mil) to Dec. 2023 ($937.02 Mil).

Aboitiz Power Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Aboitiz Power's Cash, Cash Equivalents, Marketable Securities 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.

Aboitiz Power Cash, Cash Equivalents, Marketable Securities Chart

Aboitiz Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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643.15

664.89

981.54

1,112.69

937.02

Aboitiz Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1,019.02	932.81	935.12	937.02	921.39

Aboitiz Power Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Aboitiz Power (OTCPK:ABZPF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Aboitiz Power Cash, Cash Equivalents, Marketable Securities Related Terms

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Aboitiz Power (Aboitiz Power) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Aboitiz Power Corp (OTCPK:ABZPF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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AP:Philippines

Address

NAC Tower, 32nd Street, Bonifacio Global City, Metro Manila, Taguig, PHL, 1634

Website

https://www.aboitizpower.com

Aboitiz Power Corp is an electric utility company operating in the Philippines of which Aboitiz Equity Ventures is the majority shareholder. Through its subsidiaries, Aboitiz Power generates and distributes electricity. The company controls a portfolio of geothermal, hydroelectric, solar, wind, oil-fired, and coal-fired power plants. most of Aboitiz Power's energy production comes from its non-renewable facilities. The company's sites, meanwhile, are mainly hydroelectric. The vast majority of Aboitiz Power's income is derived from its power generation business, while a sizable portion also comes from its distribution segment. Almost all sales are made through bilateral contracts with private utilities, the country's state-owned power provider, and industrial and commercial customers.