Nitto Denko (Nitto Denko) Cash And Cash Equivalents : $2,285 Mil (As of Mar. 2024)

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What is Nitto Denko Cash And Cash Equivalents?

Nitto Denko's quarterly cash and cash equivalents increased from Sep. 2023 ($2,079.75 Mil) to Dec. 2023 ($2,164.58 Mil) and increased from Dec. 2023 ($2,164.58 Mil) to Mar. 2024 ($2,284.56 Mil).

Nitto Denko's annual cash and cash equivalents declined from Mar. 2022 ($3,053.25 Mil) to Mar. 2023 ($2,468.62 Mil) and declined from Mar. 2023 ($2,468.62 Mil) to Mar. 2024 ($2,284.56 Mil).

Nitto Denko Cash And Cash Equivalents Historical Data

The historical data trend for Nitto Denko'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.

* Premium members only.

Nitto Denko Cash And Cash Equivalents Chart

Nitto Denko Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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2,832.08

2,768.08

3,053.25

2,468.62

2,284.56

Nitto Denko 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															2,468.62	2,039.65	2,079.75	2,164.58	2,284.56

Nitto Denko 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.

Nitto Denko (OTCPK:NDEKY) 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.

Nitto Denko Cash And Cash Equivalents Related Terms

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Nitto Denko (Nitto Denko) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitto Denko Corp (OTCPK:NDEKY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

NDEKF:USA 6988:Japan ND5:Germany

Address

4-20, Ofuka-Cho, 33rd Floor, Grand Front Osaka, Kita-Ku, Osaka, JPN, 530-0011

Website

http://www.nitto.com

Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

Nitto Denko (Nitto Denko) Headlines

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