African Sun (XZIM:ASUN.ZW) Cash And Cash Equivalents : ZWL8,655 Mil (As of Dec. 2022)

View and export this data going back to . Start your Free Trial

What is African Sun Cash And Cash Equivalents?

African Sun's quarterly cash and cash equivalents increased from Dec. 2021 (ZWL1,256.32 Mil) to Jun. 2022 (ZWL4,672.84 Mil) and increased from Jun. 2022 (ZWL4,672.84 Mil) to Dec. 2022 (ZWL8,654.89 Mil).

African Sun's annual cash and cash equivalents declined from Dec. 2020 (ZWL1,284.89 Mil) to Dec. 2021 (ZWL1,256.32 Mil) but then increased from Dec. 2021 (ZWL1,256.32 Mil) to Dec. 2022 (ZWL8,654.89 Mil).

African Sun Cash And Cash Equivalents Historical Data

The historical data trend for African Sun'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.

* Premium members only.

African Sun Cash And Cash Equivalents Chart

African Sun Annual Data

Trend

Sep09

Sep11

Sep12

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

Get a 7-Day Free Trial

86.20

890.23

1,284.89

1,256.32

8,654.89

African Sun Semi-Annual Data
	Sep09	Mar11	Sep11	Mar12	Sep12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Cash And Cash Equivalents	Get a 7-Day Free Trial									1,284.89	804.58	1,256.32	4,672.84	8,654.89

African Sun 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.

African Sun (XZIM:ASUN.ZW) 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.

African Sun Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of African Sun's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

African Sun (XZIM:ASUN.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » African Sun Ltd (XZIM:ASUN.ZW) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

870 Endeavour Crescent off Norfolk Road, Bally House, P.O. Box CY 1211, Mount Pleasant Business Park, Causeway, Harare, ZWE

Website

https://www.africansunhotels.com

African Sun Ltd is a hotel investment company. It manages hotel operations in Zimbabwe. The company has five segments namely, Resort Hotels, City and Country Hotels, Victoria Falls Hotel Partnership, Sun Leisure and Real Estate and Others. It generates the majority of its revenue from the City and Country Hotels segment.

African Sun (XZIM:ASUN.ZW) Headlines

No Headlines