DTCK (Davis Commodities) Cash, Cash Equivalents, Marketable Securities : $0.7 Mil (As of Dec. 2024)

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What is Davis Commodities Cash, Cash Equivalents, Marketable Securities?

Davis Commodities's quarterly cash, cash equivalents, marketable securities increased from Dec. 2023 ($1.33 Mil) to Jun. 2024 ($1.36 Mil) but then stayed the same from Jun. 2024 ($1.36 Mil) to Dec. 2024 ($0.68 Mil).

Davis Commodities's annual cash, cash equivalents, marketable securities declined from Dec. 2022 ($2.54 Mil) to Dec. 2023 ($1.33 Mil) and declined from Dec. 2023 ($1.33 Mil) to Dec. 2024 ($0.68 Mil).

Davis Commodities Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Davis Commodities'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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Davis Commodities Cash, Cash Equivalents, Marketable Securities Chart

Davis Commodities Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Cash, Cash Equivalents, Marketable Securities

5.86

7.09

2.54

1.33

0.68

Davis Commodities Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				2.54	2.51	1.33	1.36	0.68

Davis Commodities 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.

Davis Commodities (NAS:DTCK) 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.

Davis Commodities Cash, Cash Equivalents, Marketable Securities Related Terms

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Davis Commodities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079

Website

https://www.daviscl.com

Davis Commodities Ltd is an agricultural commodity trading company based in Singapore, which specializes in the trading of three main categories of agricultural commodities, namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa, and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage, and logistics services. The Company operates across four main segments: the sale of sugar, rice, oil, and fat products, and others. Among these, the sale of sugar stands out as the primary revenue generator, contributing significantly to the company's overall income.