Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Cash, Cash Equivalents, Marketable Securities : ₺366 Mil (As of Dec. 2023)

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What is Meka Betonntralleri Imalatnayi ve Ticaret AS Cash, Cash Equivalents, Marketable Securities?

Meka Betonntralleri Imalatnayi ve Ticaret AS's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 (₺70.67 Mil) to Sep. 2023 (₺65.19 Mil) but then increased from Sep. 2023 (₺65.19 Mil) to Dec. 2023 (₺365.50 Mil).

Meka Betonntralleri Imalatnayi ve Ticaret AS's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (₺45.33 Mil) to Dec. 2022 (₺115.59 Mil) and increased from Dec. 2022 (₺115.59 Mil) to Dec. 2023 (₺365.50 Mil).

Meka Betonntralleri Imalatnayi ve Ticaret AS Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Meka Betonntralleri Imalatnayi ve Ticaret AS'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.

Meka Betonntralleri Imalatnayi ve Ticaret AS Cash, Cash Equivalents, Marketable Securities Chart

Meka Betonntralleri Imalatnayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

23.22

45.33

115.59

365.50

Meka Betonntralleri Imalatnayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	115.59	70.67	65.19	365.50

Meka Betonntralleri Imalatnayi ve Ticaret AS 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS Cash, Cash Equivalents, Marketable Securities Related Terms

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Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Meka Beton Santralleri Imalat Sanayi ve Ticaret AS (IST:MEKAG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ismet Inonu Blv No. 12, Malikoy Baskent Osb, Ankara, TUR, 06909

Website

https://www.mekaglobal.com/tr

Meka Beton Santralleri Imalat Sanayi ve Ticaret AS is a company engaged in the Production of Concrete Plants and Equipment for Ready-Mixed Concrete Production, Construction and Precast Industries. It has ability and experience to design and produce plants and equipment for every capacity and production type in the production of concrete plants and equipment. MEKA produces crushing, screening and washing equipment for aggregate production, mining and recycling industries.

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