Ingles Markets (FRA:IN3A) Cash And Cash Equivalents : €278 Mil (As of Mar. 2024)

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What is Ingles Markets Cash And Cash Equivalents?

Ingles Markets's quarterly cash and cash equivalents declined from Sep. 2023 (€307.84 Mil) to Dec. 2023 (€252.21 Mil) but then increased from Dec. 2023 (€252.21 Mil) to Mar. 2024 (€277.86 Mil).

Ingles Markets's annual cash and cash equivalents increased from Sep. 2021 (€59.77 Mil) to Sep. 2022 (€269.87 Mil) and increased from Sep. 2022 (€269.87 Mil) to Sep. 2023 (€307.84 Mil).

Ingles Markets Cash And Cash Equivalents Historical Data

The historical data trend for Ingles Markets'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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Ingles Markets Cash And Cash Equivalents Chart

Ingles Markets Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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38.25

5.86

59.77

269.87

307.84

Ingles Markets Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															233.78	259.13	307.84	252.21	277.86

Ingles Markets 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.

Ingles Markets (FRA:IN3A) 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.

Ingles Markets Cash And Cash Equivalents Related Terms

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Ingles Markets (FRA:IN3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ingles Markets Inc (FRA:IN3A) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

IMKTA:USA

Address

2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711

Website

https://www.ingles-markets.com

Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

Ingles Markets (FRA:IN3A) Headlines

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