AGX Group Bhd (XKLS:0299) Cash, Cash Equivalents, Marketable Securities : RM13.2 Mil (As of Dec. 2022)

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What is AGX Group Bhd Cash, Cash Equivalents, Marketable Securities?

AGX Group Bhd's quarterly cash, cash equivalents, marketable securities increased from Dec. 2020 (RM5.60 Mil) to Dec. 2021 (RM8.73 Mil) and increased from Dec. 2021 (RM8.73 Mil) to Dec. 2022 (RM13.22 Mil).

AGX Group Bhd's annual cash, cash equivalents, marketable securities increased from Dec. 2020 (RM5.60 Mil) to Dec. 2021 (RM8.73 Mil) and increased from Dec. 2021 (RM8.73 Mil) to Dec. 2022 (RM13.22 Mil).

AGX Group Bhd Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for AGX Group Bhd'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.

AGX Group Bhd Cash, Cash Equivalents, Marketable Securities Chart

AGX Group Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

5.60

8.73

13.22

AGX Group Bhd Semi-Annual Data
	Dec20	Dec21	Dec22
Cash, Cash Equivalents, Marketable Securities	5.60	8.73	13.22

AGX Group Bhd 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.

AGX Group Bhd (XKLS:0299) 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.

AGX Group Bhd Cash, Cash Equivalents, Marketable Securities Related Terms

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AGX Group Bhd (XKLS:0299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AGX Group Bhd (XKLS:0299) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan USJ 10/1A, Unit 1A-C and Unit 2A-C, 2nd Floor, Pusat Perniagaan USJ 10, UEP Subang Jaya, SGR, MYS, 47610

Website

https://www.agxlogistics.com

AGX Group Bhd is a logistics service provider. It is a 3PL service provider that comprises sea and air freight forwarding, aerospace logistics, warehousing and other 3PL, and road freight transportation services. It also provides services to assist senders or receivers in transporting their goods from the point of origin to their final destinations and has services in all the countries and has a physical presence, namely Malaysia, the Philippines, Korea, Myanmar, and Singapore. Its sea and air freight forwarding services are mostly concerned with organizing the transportation of cargo for our customers, starting from the point of origin and ending when the freight is delivered to its final destination. Sea and air freight forwarding services generate maximum revenue for the company.

AGX Group Bhd (XKLS:0299) Headlines

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