Amreli Steels (KAR:ASTL) Cash And Cash Equivalents : ₨236 Mil (As of Mar. 2024)

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What is Amreli Steels Cash And Cash Equivalents?

Amreli Steels's quarterly cash and cash equivalents declined from Sep. 2023 (₨315.93 Mil) to Dec. 2023 (₨263.55 Mil) but then stayed the same from Dec. 2023 (₨263.55 Mil) to Mar. 2024 (₨235.82 Mil).

Amreli Steels's annual cash and cash equivalents declined from Jun. 2021 (₨378.57 Mil) to Jun. 2022 (₨356.87 Mil) and declined from Jun. 2022 (₨356.87 Mil) to Jun. 2023 (₨271.91 Mil).

Amreli Steels Cash And Cash Equivalents Historical Data

The historical data trend for Amreli Steels'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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Amreli Steels Cash And Cash Equivalents Chart

Amreli Steels Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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147.04

509.36

378.57

356.87

271.91

Amreli Steels 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															270.96	271.91	315.93	263.55	235.82

Amreli Steels 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.

Amreli Steels (KAR:ASTL) 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.

Amreli Steels Cash And Cash Equivalents Related Terms

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Amreli Steels (KAR:ASTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Amreli Steels Ltd (KAR:ASTL) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Sky Tower, West Wing, Tower–A, Plot No. HC-3, Block No. 4, 14th Floor, KDA Scheme 5, Clifton, Karachi, PAK, 75730

Website

https://www.amrelisteel.com

Amreli Steels Ltd is involved in the manufacturing of steel reinforcement bars in Pakistan. The company's product offerings include Amreli Steels Maxima, Amreli Steels Ultima, Amreli Steels Xtreme and amongst others. The majority of the firm's revenue is derived from Pakistan.