African Distillers (XZIM:AFDS.ZW) Cash And Cash Equivalents : ZWL5,310 Mil (As of Sep. 2023)

View and export this data going back to . Start your Free Trial

What is African Distillers Cash And Cash Equivalents?

African Distillers's quarterly cash and cash equivalents increased from Sep. 2022 (ZWL1,539.60 Mil) to Mar. 2023 (ZWL1,866.66 Mil) and increased from Mar. 2023 (ZWL1,866.66 Mil) to Sep. 2023 (ZWL5,310.00 Mil).

African Distillers's annual cash and cash equivalents increased from Jun. 2020 (ZWL62.51 Mil) to Mar. 2022 (ZWL232.36 Mil) and increased from Mar. 2022 (ZWL232.36 Mil) to Mar. 2023 (ZWL1,866.66 Mil).

African Distillers Cash And Cash Equivalents Historical Data

The historical data trend for African Distillers'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.

African Distillers Cash And Cash Equivalents Chart

African Distillers Annual Data

Trend

Jun09

Jun11

Jun12

Jun18

Jun19

Jun20

Mar22

Mar23

Cash And Cash Equivalents

Get a 7-Day Free Trial

2.83

99.33

62.51

232.36

1,866.66

African Distillers Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial										173.88	232.36	1,539.60	1,866.66	5,310.00

African Distillers 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.

African Distillers (XZIM:AFDS.ZW) 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.

African Distillers Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of African Distillers's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

African Distillers (XZIM:AFDS.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » African Distillers Ltd (XZIM:AFDS.ZW) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 km peg Lomagundi Road, Stapleford, Westgate, Harare, ZWE

Website

https://www.africandistillers.co.zw

African Distillers Ltd is engaged in the manufacturing, distribution, and marketing of branded spirits, ciders, and wines for the Zimbabwean market and for export. The company has six depots in Bulawayo, Harare, Kwekwe, Masvingo, Mutare and Victoria Falls. Brown spirits sales generate maximum revenue for the company. The product portfolio includes brown spirits, ciders, white spirits, still wines, liqueur, spirit coolers, fortified wines, sparkling wines, and sparkling juice.

African Distillers (XZIM:AFDS.ZW) Headlines

No Headlines