Phoenix Mills (BOM:503100) Cash And Cash Equivalents : ₹4,552 Mil (As of Mar. 2024)

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What is Phoenix Mills Cash And Cash Equivalents?

Phoenix Mills's quarterly cash and cash equivalents declined from Sep. 2023 (₹2,380.75 Mil) to Dec. 2023 (₹0.00 Mil) but then increased from Dec. 2023 (₹0.00 Mil) to Mar. 2024 (₹4,552.33 Mil).

Phoenix Mills's annual cash and cash equivalents declined from Mar. 2022 (₹2,981.96 Mil) to Mar. 2023 (₹2,635.62 Mil) but then increased from Mar. 2023 (₹2,635.62 Mil) to Mar. 2024 (₹4,552.33 Mil).

Phoenix Mills Cash And Cash Equivalents Historical Data

The historical data trend for Phoenix Mills'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.

Phoenix Mills Cash And Cash Equivalents Chart

Phoenix Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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1,293.34

1,313.55

2,981.96

2,635.62

4,552.33

Phoenix Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2,635.62	-	2,380.75	-	4,552.33

Phoenix Mills 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.

Phoenix Mills (BOM:503100) 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.

Phoenix Mills Cash And Cash Equivalents Related Terms

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Phoenix Mills (BOM:503100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Phoenix Mills Ltd (BOM:503100) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

PHOENIXLTD:India

Address

Off. Dr. E. Moses Road, R. R. Hosiery Building, 2nd Floor, Shree Laxmi Woollen Mills Estate, Mahalaxmi, Mumbai, MH, IND, 400 011

Website

https://www.thephoenixmills.com

Phoenix Mills Ltd is a real estate development company operating in India. The group's development strategy includes converting land underlying abandoned mills into modern, multi-use, integrated property. The group is involved in all aspects of development, including planning, construction, and marketing, as well as management, maintenance, and sales of the complete development. These properties include retail, hospitality, commercial, and residential complexes. The majority of the company's revenue is derived from license fees and rental income. Its segments comprise Property and related services segment that provide mall /office areas on a license basis and development of commercial/residential properties. The Hospitality segment engages in the operation of hotels and restaurants.

Phoenix Mills (BOM:503100) Headlines

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