Leo Palace21 (TSE:8848) Cash And Cash Equivalents : 円60,359 Mil (As of Dec. 2023)

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What is Leo Palace21 Cash And Cash Equivalents?

Leo Palace21's quarterly cash and cash equivalents increased from Jun. 2023 (円58,158.00 Mil) to Sep. 2023 (円58,822.00 Mil) and increased from Sep. 2023 (円58,822.00 Mil) to Dec. 2023 (円60,359.00 Mil).

Leo Palace21's annual cash and cash equivalents increased from Mar. 2022 (円45,523.00 Mil) to Mar. 2023 (円53,560.00 Mil) and increased from Mar. 2023 (円53,560.00 Mil) to Mar. 2024 (円68,627.00 Mil).

Leo Palace21 Cash And Cash Equivalents Historical Data

The historical data trend for Leo Palace21'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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Leo Palace21 Cash And Cash Equivalents Chart

Leo Palace21 Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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60,501.00

54,863.00

45,523.00

53,560.00

68,627.00

Leo Palace21 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															53,560.00	58,158.00	58,822.00	60,359.00	68,627.00

Leo Palace21 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.

Leo Palace21 (TSE:8848) 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.

Leo Palace21 Cash And Cash Equivalents Related Terms

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Leo Palace21 (TSE:8848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Leo Palace21 Corp (TSE:8848) » Definitions » Cash And Cash Equivalents

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MQI:Germany

Address

2-54-11 Honcho, Nakano-ku, Tokyo, JPN, 164-8622

Website

http://www.leopalace21.co.jp

Leo Palace21 Corp has two core businesses: Construction, which builds apartment buildings, and Leasing, which rents and manages units in the apartments that the company builds. Upon completion, Leo Palace21 typically sells buildings to investors and then pays them a fixed rental amount for all the units in the building, whether occupied or not. LeoPalace21 then rents, manages, and maintains the units and keeps all rent from tenants as its own revenue. The company also has an Elderly Care business, which runs nursing facilities, and a Hotel & Resort business. The vast majority of LeoPalace21's revenue comes from the Leasing segment, and more than 90% of the company's revenue is generated in Japan.

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