Micro Leasing PCL (BKK:MICRO) Cash And Cash Equivalents : ฿621.0 Mil (As of Mar. 2024)

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What is Micro Leasing PCL Cash And Cash Equivalents?

Micro Leasing PCL's quarterly cash and cash equivalents declined from Sep. 2023 (฿659.86 Mil) to Dec. 2023 (฿426.17 Mil) but then increased from Dec. 2023 (฿426.17 Mil) to Mar. 2024 (฿620.98 Mil).

Micro Leasing PCL's annual cash and cash equivalents increased from Dec. 2021 (฿141.53 Mil) to Dec. 2022 (฿290.15 Mil) and increased from Dec. 2022 (฿290.15 Mil) to Dec. 2023 (฿426.17 Mil).

Micro Leasing PCL Cash And Cash Equivalents Historical Data

The historical data trend for Micro Leasing PCL's Cash And Cash Equivalents 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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Micro Leasing PCL Cash And Cash Equivalents Chart

Micro Leasing PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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46.47

128.38

141.53

290.15

426.17

Micro Leasing PCL Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															309.90	604.80	659.86	426.17	620.98

Micro Leasing PCL Cash And Cash Equivalents 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.

Micro Leasing PCL (BKK:MICRO) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Micro Leasing PCL Cash And Cash Equivalents Related Terms

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Micro Leasing PCL (BKK:MICRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Micro Leasing PCL (BKK:MICRO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

863/3 Phetkasem Road, Sanamchan Sub-district, Muang District, Nakhon Pathom, THA, 73000

Website

https://www.microleasingplc.com

Micro Leasing PCL is engaged in the business of providing hire purchase loans for used trucks, such as 6-wheel, 10-wheel, and 12-wheel trucks. The Group's operations involves operating segments which are hire purchase of trucks business, hire purchase of motorcycles business and insurance brokerage business. The company carries its operations in Thailand.

Micro Leasing PCL (BKK:MICRO) Headlines

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