Econet Wireless Zimbabwe (XZIM:ECO.ZW) Cash And Cash Equivalents : ZWL94,664 Mil (As of Aug. 2023)

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

What is Econet Wireless Zimbabwe Cash And Cash Equivalents?

Econet Wireless Zimbabwe's quarterly cash and cash equivalents increased from Aug. 2022 (ZWL20,996.52 Mil) to Feb. 2023 (ZWL48,293.13 Mil) and increased from Feb. 2023 (ZWL48,293.13 Mil) to Aug. 2023 (ZWL94,664.00 Mil).

Econet Wireless Zimbabwe's annual cash and cash equivalents increased from Feb. 2021 (ZWL6,417.61 Mil) to Feb. 2022 (ZWL17,410.39 Mil) and increased from Feb. 2022 (ZWL17,410.39 Mil) to Feb. 2023 (ZWL48,293.13 Mil).

Econet Wireless Zimbabwe Cash And Cash Equivalents Historical Data

The historical data trend for Econet Wireless Zimbabwe'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.

Econet Wireless Zimbabwe Cash And Cash Equivalents Chart

Econet Wireless Zimbabwe Annual Data

Trend

Feb09

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Cash And Cash Equivalents

Get a 7-Day Free Trial

1,707.44

2,641.62

6,417.61

17,410.39

48,293.13

Econet Wireless Zimbabwe Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash And Cash Equivalents	Get a 7-Day Free Trial										11,449.56	17,410.39	20,996.52	48,293.13	94,664.00

Econet Wireless Zimbabwe 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.

Econet Wireless Zimbabwe (XZIM:ECO.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.

Econet Wireless Zimbabwe Cash And Cash Equivalents Related Terms

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

Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Econet Wireless Zimbabwe Ltd (XZIM:ECO.ZW) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE

Website

http://www.econet.co.zw

Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

Econet Wireless Zimbabwe (XZIM:ECO.ZW) Headlines

No Headlines