Northern Spirits (BOM:542628) Cash And Cash Equivalents : ₹340 Mil (As of Sep. 2023)

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What is Northern Spirits Cash And Cash Equivalents?

Northern Spirits's quarterly cash and cash equivalents increased from Sep. 2022 (₹0.10 Mil) to Mar. 2023 (₹72.95 Mil) and increased from Mar. 2023 (₹72.95 Mil) to Sep. 2023 (₹340.08 Mil).

Northern Spirits's annual cash and cash equivalents increased from Mar. 2021 (₹1.44 Mil) to Mar. 2022 (₹102.95 Mil) but then declined from Mar. 2022 (₹102.95 Mil) to Mar. 2023 (₹72.95 Mil).

Northern Spirits Cash And Cash Equivalents Historical Data

The historical data trend for Northern Spirits'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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Northern Spirits Cash And Cash Equivalents Chart

Northern Spirits Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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3.75

0.78

1.44

102.95

72.95

Northern Spirits Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial											0.50	102.95	0.10	72.95	340.08

Northern Spirits 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.

Northern Spirits (BOM:542628) 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.

Northern Spirits Cash And Cash Equivalents Related Terms

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Northern Spirits (BOM:542628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Northern Spirits Ltd (BOM:542628) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

5-A, Woodburn Park Road, Unit 603, 6th Floor, Woodburn Central, Kolkata, WB, IND, 700020

Website

https://northernspirits.co.in

Northern Spirits Ltd is involved in the import and distribution of wine and spirit business. It offers Whisky, Vodka, GIN, Red and white wine, Beer, tequila, Shepherd Neame Beer, Amigos Beer, Carlo Rossi California Wines, Tomich Australian Wines, Cooper's Australian Beer, West Cork Irish Whiskey, Two Tree Gin, Reddot Wheat Beer, Aqua Riva Mexican Tequila and Organika Russian Vodka.

Northern Spirits (BOM:542628) Headlines

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