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J G Chemicals (BOM:544138) Cash And Cash Equivalents : ₹74 Mil (As of Dec. 2023)


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What is J G Chemicals Cash And Cash Equivalents?

J G Chemicals's quarterly cash and cash equivalents declined from Mar. 2022 (₹58.52 Mil) to Mar. 2023 (₹35.48 Mil) but then increased from Mar. 2023 (₹35.48 Mil) to Dec. 2023 (₹74.30 Mil).

J G Chemicals's annual cash and cash equivalents increased from Mar. 2021 (₹47.05 Mil) to Mar. 2022 (₹58.52 Mil) but then declined from Mar. 2022 (₹58.52 Mil) to Mar. 2023 (₹35.48 Mil).

J G Chemicals Cash And Cash Equivalents Historical Data

The historical data trend for J G Chemicals'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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J G Chemicals Cash And Cash Equivalents Chart

J G Chemicals Annual Data
Trend Mar21 Mar22 Mar23
Cash And Cash Equivalents
47.05 58.52 35.48

J G Chemicals Quarterly Data
Mar21 Mar22 Mar23 Dec23
Cash And Cash Equivalents 47.05 58.52 35.48 74.30

J G Chemicals 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.

J G Chemicals  (BOM:544138) 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.

J G Chemicals Cash And Cash Equivalents Related Terms

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J G Chemicals (BOM:544138) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » J G Chemicals Ltd (BOM:544138) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
JGCHEM:India
Address
Adventz Infinity @ 5, 15th Floor, Unit 1511, Plot 5 Block - BN, Sector - V, Salt Lake Electronics Complex, CK Market, North 24 Parganas, Saltlake, Bidhan Nagar, WB, IND, 700091
Website
https://www.jgchem.com
J G Chemicals Ltd is a zinc oxide manufacturer company. It sells over 80 grades of zinc oxide and has products that cater to a wide spectrum of industrial applications, including in the rubber (tyre & other rubber products), ceramics, paints & coatings, pharmaceuticals & cosmetics, electronics & batteries, agro-chemicals & fertilizers, speciality chemicals, lubricants, oil & gas, and animal feed.

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