Galfar EngineeringntractingOG (MUS:GECS) Cash And Cash Equivalents : ر.ع7.93 Mil (As of Jun. 2022)

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What is Galfar EngineeringntractingOG Cash And Cash Equivalents?

Galfar EngineeringntractingOG's quarterly cash and cash equivalents declined from Dec. 2021 (ر.ع16.99 Mil) to Mar. 2022 (ر.ع13.52 Mil) but then stayed the same from Mar. 2022 (ر.ع13.52 Mil) to Jun. 2022 (ر.ع7.93 Mil).

Galfar EngineeringntractingOG's annual cash and cash equivalents increased from Dec. 2019 (ر.ع4.25 Mil) to Dec. 2020 (ر.ع6.68 Mil) and increased from Dec. 2020 (ر.ع6.68 Mil) to Dec. 2021 (ر.ع16.99 Mil).

Galfar EngineeringntractingOG Cash And Cash Equivalents Historical Data

The historical data trend for Galfar EngineeringntractingOG'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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Galfar EngineeringntractingOG Cash And Cash Equivalents Chart

Galfar EngineeringntractingOG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash And Cash Equivalents

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3.92

2.66

4.25

6.68

16.99

Galfar EngineeringntractingOG Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	-	16.99	13.52	7.93

Galfar EngineeringntractingOG 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.

Galfar EngineeringntractingOG (MUS:GECS) 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.

Galfar EngineeringntractingOG Cash And Cash Equivalents Related Terms

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Galfar EngineeringntractingOG (MUS:GECS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Galfar Engineering & Contracting SAOG (MUS:GECS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Sultanate of Oman, PO Box 533, Muscat, OMN, 100

Website

http://www.galfar.com

Galfar Engineering & Contracting SAOG is a construction company. Its main activities include road, bridge, airport construction, oil and gas including EPC works, civil and mechanical construction, public health engineering, electrical, plumbing and maintenance contracts. The other activities are hiring out of cranes, equipment and other vehicles and training of drivers, operators, manufacturing of ready-mix concrete and others. It has five operating segments: construction, manufacturing, the hiring of equipment, and training of personnel. The majority of revenue is generated from the construction segment. It has its operations in the Gulf Cooperation Council and India.

Galfar EngineeringntractingOG (MUS:GECS) Headlines

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