63 Moons Technologies (BOM:526881) Cash And Cash Equivalents : ₹606 Mil (As of Mar. 2024)

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What is 63 Moons Technologies Cash And Cash Equivalents?

63 Moons Technologies's quarterly cash and cash equivalents declined from Sep. 2023 (₹2,142.37 Mil) to Dec. 2023 (₹0.00 Mil) but then increased from Dec. 2023 (₹0.00 Mil) to Mar. 2024 (₹606.38 Mil).

63 Moons Technologies's annual cash and cash equivalents declined from Mar. 2022 (₹2,318.09 Mil) to Mar. 2023 (₹2,116.89 Mil) and declined from Mar. 2023 (₹2,116.89 Mil) to Mar. 2024 (₹606.38 Mil).

63 Moons Technologies Cash And Cash Equivalents Historical Data

The historical data trend for 63 Moons Technologies'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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63 Moons Technologies Cash And Cash Equivalents Chart

63 Moons Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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1,703.49

1,638.22

2,318.09

2,116.89

606.38

63 Moons Technologies 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															2,116.89	-	2,142.37	-	606.38

63 Moons Technologies 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.

63 Moons Technologies (BOM:526881) 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.

63 Moons Technologies Cash And Cash Equivalents Related Terms

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63 Moons Technologies (BOM:526881) Business Description

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63MOONS:India

Address

Suren Road, FT Tower, CTS No. 256 and 257, Chakala, Andheri (East), Mumbai, MH, IND, 400 093

Website

https://www.63moons.com

63 Moons Technologies Ltd is a company that is involved in the business of offering technology intellectual property and domain expertise to create and trade on next-generation financial markets across all asset classes including equities, commodities, currencies, and bonds among others. Its products and solutions portfolio includes exchange technology solutions, brokerage technology solutions, and risk solutions. The company's business segments include Straight Through Processing (STP) technologies and solutions and Others. It derives the majority of its revenues from STP technologies and solutions segment.

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