Sharjah Cement & Industrial Development Co (ADX:SCIDC) Cash, Cash Equivalents, Marketable Securities : د.إ55.4 Mil (As of Mar. 2024)

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What is Sharjah Cement & Industrial Development Co Cash, Cash Equivalents, Marketable Securities?

Sharjah Cement & Industrial Development Co's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (د.إ54.18 Mil) to Dec. 2023 (د.إ51.31 Mil) but then increased from Dec. 2023 (د.إ51.31 Mil) to Mar. 2024 (د.إ55.42 Mil).

Sharjah Cement & Industrial Development Co's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (د.إ47.46 Mil) to Dec. 2022 (د.إ43.20 Mil) but then increased from Dec. 2022 (د.إ43.20 Mil) to Dec. 2023 (د.إ51.31 Mil).

Sharjah Cement & Industrial Development Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sharjah Cement & Industrial Development Co'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.

Sharjah Cement & Industrial Development Co Cash, Cash Equivalents, Marketable Securities Chart

Sharjah Cement & Industrial Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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48.17

49.29

47.46

43.20

51.31

Sharjah Cement & Industrial Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															39.71	48.13	54.18	51.31	55.42

Sharjah Cement & Industrial Development Co 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.

Sharjah Cement & Industrial Development Co (ADX:SCIDC) 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.

Sharjah Cement & Industrial Development Co Cash, Cash Equivalents, Marketable Securities Related Terms

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Sharjah Cement & Industrial Development Co (ADX:SCIDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sharjah Cement & Industrial Development Co (ADX:SCIDC) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

Bank Street, Al Hisn Tower, P.O. Box No. 2083, 14th Floor, Sharjah, ARE

Website

https://www.sharjahcement.com

Sharjah Cement & Industrial Development Co is engaged in the manufacturing and supply of cement, paper sacks, and plastic ropes. The Company invests its surplus funds in investment securities, private equities, and properties. The company operates from Sharjah, United Arab Emirates and sells its products within UAE and many other countries, including the Middle East, Africa, and Asia. The Company has two reportable segments, 1) Manufacturing segment includes cement, paper sacks and ropes products. 2) Investment segment includes investment and cash management for the company's own account. The investment segment is organised into two business units as follows: Investment and letting out properties in UAE and Investment in public and private equities and funds, majorly in GCC and Asia.

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