NINtec Systems (BOM:539843) Cash And Cash Equivalents : ₹16.8 Mil (As of Sep. 2023)

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What is NINtec Systems Cash And Cash Equivalents?

NINtec Systems's quarterly cash and cash equivalents increased from Sep. 2022 (₹9.50 Mil) to Mar. 2023 (₹113.41 Mil) but then stayed the same from Mar. 2023 (₹113.41 Mil) to Sep. 2023 (₹16.75 Mil).

NINtec Systems's annual cash and cash equivalents increased from Mar. 2022 (₹43.55 Mil) to Mar. 2023 (₹113.41 Mil) but then declined from Mar. 2023 (₹113.41 Mil) to Mar. 2024 (₹91.09 Mil).

NINtec Systems Cash And Cash Equivalents Historical Data

The historical data trend for NINtec Systems'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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NINtec Systems Cash And Cash Equivalents Chart

NINtec Systems Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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27.88

32.93

43.55

113.41

91.09

NINtec Systems Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial													43.55	9.50	113.41	16.75	91.09

NINtec Systems 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.

NINtec Systems (BOM:539843) 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.

NINtec Systems Cash And Cash Equivalents Related Terms

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NINtec Systems (BOM:539843) Business Description

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NINSYS:India

Address

S.G. Highway, B-11, Corporate House, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.nintecsystems.com

NINtec Systems Ltd is an offshore software development services and solutions company. The firm is involved in computer programming, consultancy, and related activities. The company provides services like Application Development and Maintenance, Strategic Offshore Software Product Development, Legacy System Development and Software Migration, and Search Engine Optimization. The firm specializes in areas of Dot Net Development, Game Development, PHP Development, ERP Wireless, Mobile and WAP Development. The group has also integrated cloud services into its existing business platform. The company serves industries such as Automotive, Print media and Publishing, Banking, Financial Services, and Insurance, and Transportation and Logistics sector.

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