The Okomu Oil Palm Co (NSA:OKMO) Cash And Cash Equivalents : ₦8,451 Mil (As of Dec. 2023)

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What is The Okomu Oil Palm Co Cash And Cash Equivalents?

The Okomu Oil Palm Co's quarterly cash and cash equivalents increased from Jun. 2023 (₦8,340.09 Mil) to Sep. 2023 (₦12,308.32 Mil) but then stayed the same from Sep. 2023 (₦12,308.32 Mil) to Dec. 2023 (₦8,450.94 Mil).

The Okomu Oil Palm Co's annual cash and cash equivalents declined from Dec. 2021 (₦9,955.19 Mil) to Dec. 2022 (₦5,837.58 Mil) but then increased from Dec. 2022 (₦5,837.58 Mil) to Dec. 2023 (₦8,450.94 Mil).

The Okomu Oil Palm Co Cash And Cash Equivalents Historical Data

The historical data trend for The Okomu Oil Palm Co'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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The Okomu Oil Palm Co Cash And Cash Equivalents Chart

The Okomu Oil Palm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,684.06

9.57

9,955.19

5,837.58

8,450.94

The Okomu Oil Palm Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															5,837.58	20,422.12	8,340.09	12,308.32	8,450.94

The Okomu Oil Palm Co 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.

The Okomu Oil Palm Co (NSA:OKMO) 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.

The Okomu Oil Palm Co Cash And Cash Equivalents Related Terms

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The Okomu Oil Palm Co (NSA:OKMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Okomu Oil Palm Co PLC (NSA:OKMO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Okomu-Udo, Ovia South West LGA, P.M.B, Benin, NGA, 1449

Website

https://www.okomunigeria.com

The Okomu Oil Palm Co PLC engages in the cultivation of oil palm and rubber in Nigeria. The company has three reportable segments; the Palm Plantation segment, which produces fresh fruit bunches, crude palm oil, and crude palm kernel; the Rubber Plantation segment, which produces latex and rubber cake; and the Palm Processing segment, which renders palm processing from the company's mill processing equipment. The company processes fresh fruit bunches into crude palm oil for resale, and rubber lumps to rubber cake for export. The company generates maximum revenue from Palm oil products and Rubber products.

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