Raffles Financial Group (Raffles Financial Group) Cash, Cash Equivalents, Marketable Securities : $31.24 Mil (As of Mar. 2021)

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What is Raffles Financial Group Cash, Cash Equivalents, Marketable Securities?

Raffles Financial Group's quarterly cash, cash equivalents, marketable securities declined from Sep. 2020 ($26.18 Mil) to Dec. 2020 ($25.90 Mil) but then increased from Dec. 2020 ($25.90 Mil) to Mar. 2021 ($31.24 Mil).

Raffles Financial Group's annual cash, cash equivalents, marketable securities stayed the same from . 20 ($0.00 Mil) to . 20 ($0.00 Mil) but then increased from . 20 ($0.00 Mil) to Jun. 2019 ($1.54 Mil).

Raffles Financial Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Raffles Financial Group'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.

Raffles Financial Group Cash, Cash Equivalents, Marketable Securities Chart

Raffles Financial Group Annual Data

Trend

Jun19

Cash, Cash Equivalents, Marketable Securities

1.54

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					0.05	24.40	26.18	25.90	31.24

Raffles Financial Group 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.

Raffles Financial Group (OTCPK:RAFFF) 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.

Raffles Financial Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Raffles Financial Group (Raffles Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (OTCPK:RAFFF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

BOM:523736 LSE:AGFX BOM:511605 TSE:7185 TSX:FXC TSX:XAU TSE:8614 BOM:543263 XKRX:001290 XPRA:SABFG

Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (Raffles Financial Group) Headlines

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