The Platinum Group PCL (BKK:PLAT) Cash, Cash Equivalents, Marketable Securities : ฿688 Mil (As of Mar. 2024)

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What is The Platinum Group PCL Cash, Cash Equivalents, Marketable Securities?

The Platinum Group PCL's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (฿683.40 Mil) to Dec. 2023 (฿634.35 Mil) but then increased from Dec. 2023 (฿634.35 Mil) to Mar. 2024 (฿687.58 Mil).

The Platinum Group PCL's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (฿1,971.97 Mil) to Dec. 2022 (฿1,197.92 Mil) and declined from Dec. 2022 (฿1,197.92 Mil) to Dec. 2023 (฿634.35 Mil).

The Platinum Group PCL Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for The Platinum Group PCL'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.

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The Platinum Group PCL Cash, Cash Equivalents, Marketable Securities Chart

The Platinum Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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4,232.34

2,588.12

1,971.97

1,197.92

634.35

The Platinum Group PCL 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															1,275.36	1,189.97	683.40	634.35	687.58

The Platinum Group PCL 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.

The Platinum Group PCL (BKK:PLAT) 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.

The Platinum Group PCL Cash, Cash Equivalents, Marketable Securities Related Terms

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The Platinum Group PCL (BKK:PLAT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Phetchaburi Road, 222/1398, 11th Floor, The Platinum Fashion Mall Building, Ratchathewi District, Petchaburi Road Sub-District, Bangkok, THA, 10400

Website

http://www.theplatinumgroup.co.th

The Platinum Group PCL is engaged in the provision of property rental, hotel, and food center operations in the country of Thailand. Its projects include the Platinum Fashion Mall, War Samui, Holiday Inn Express Samui Hotel, Novotel Bangkok Platinum, and the Platinum Food Center, and others. The company and its subsidiaries are organized into business units based on its products and services and have three reportable segments which are Development and rental of retail space in shopping centers and related services; Hotel operations; and Food and beverages centers. The vast majority of its revenue is generated from its retail space development and rental segment.