PT AKRorindo Tbk (PT AKRorindo Tbk) Cash, Cash Equivalents, Marketable Securities : $425 Mil (As of Mar. 2024)

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What is PT AKRorindo Tbk Cash, Cash Equivalents, Marketable Securities?

PT AKRorindo Tbk's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($409.70 Mil) to Dec. 2023 ($423.95 Mil) and increased from Dec. 2023 ($423.95 Mil) to Mar. 2024 ($425.29 Mil).

PT AKRorindo Tbk's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($180.20 Mil) to Dec. 2022 ($275.76 Mil) and increased from Dec. 2022 ($275.76 Mil) to Dec. 2023 ($423.95 Mil).

PT AKRorindo Tbk Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for PT AKRorindo Tbk'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.

PT AKRorindo Tbk Cash, Cash Equivalents, Marketable Securities Chart

PT AKRorindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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133.86

101.56

180.20

275.76

423.95

PT AKRorindo Tbk 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															112.98	297.51	409.70	423.95	425.29

PT AKRorindo Tbk 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.

PT AKRorindo Tbk (OTCPK:PKCPY) 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.

PT AKRorindo Tbk Cash, Cash Equivalents, Marketable Securities Related Terms

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PT AKRorindo Tbk (PT AKRorindo Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT AKR Corporindo Tbk (OTCPK:PKCPY) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

AKRA:Indonesia

Address

Jalan Panjang No. 5 Kebon Jeruk, AKR Tower, 26th Floor, Jakarta Barat, Jakarta, IDN, 11530

Website

https://www.akr.co.id

PT AKR Corporindo Tbk is engaged in chemicals distribution. The company has four segments. The Trading and distribution segment, which accounts for most of the total revenue, distributes industrial and retail petroleum products, other basic chemicals, and lubricants for the industrial, marine, mining, and commercial vehicles sectors. The Logistics Services segment provides various kinds of logistics services such as rental of storage tanks and warehouses, bagging, port handling, and transportation services mainly for liquid and solid chemical and petroleum products in Indonesia. The Manufacturing segment makes adhesive materials. The Industrial estate segments comprise sales and leases of industrial estate land, sales of electricity, and other related services to tenants of the estate.

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