Inter Globe Finance (BOM:511391) Cash And Cash Equivalents : ₹0 Mil (As of Dec. 2023)

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What is Inter Globe Finance Cash And Cash Equivalents?

Inter Globe Finance's quarterly cash and cash equivalents increased from Jun. 2023 (₹0.00 Mil) to Sep. 2023 (₹0.08 Mil) but then stayed the same from Sep. 2023 (₹0.08 Mil) to Dec. 2023 (₹0.00 Mil).

Inter Globe Finance's annual cash and cash equivalents increased from Mar. 2021 (₹11.93 Mil) to Mar. 2022 (₹12.53 Mil) and increased from Mar. 2022 (₹12.53 Mil) to Mar. 2023 (₹12.60 Mil).

Inter Globe Finance Cash And Cash Equivalents Historical Data

The historical data trend for Inter Globe Finance'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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Inter Globe Finance Cash And Cash Equivalents Chart

Inter Globe Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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6.47

11.15

11.93

12.53

12.60

Inter Globe Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	12.60	-	0.08	-

Inter Globe Finance 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.

Inter Globe Finance (BOM:511391) 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.

Inter Globe Finance Cash And Cash Equivalents Related Terms

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Inter Globe Finance (BOM:511391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Inter Globe Finance Ltd (BOM:511391) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

6B, Bentinck Street, 1st Floor, Aloka House, Kolkata, WB, IND, 700001

Website

https://www.igfl.co.in

Inter Globe Finance Ltd is a non-banking financial company. It is engaged in finance management and advisory services. It offers micro, small, and medium enterprise/small and medium enterprise finance; loan syndication; project finance; working capital, business, and two-wheeler loans; ECB/ICDs; IPO funding; loan against the property; mortgages; loan against shares; and construction, infrastructure, medical, IT, equipment finance. Principal activities of the company include Other financial service activities, except in insurance and pension funding activities.

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