Daido Steel Co (NGO:5471) Cash And Cash Equivalents : 円64,928 Mil (As of Dec. 2023)

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What is Daido Steel Co Cash And Cash Equivalents?

Daido Steel Co's quarterly cash and cash equivalents increased from Jun. 2023 (円58,886.00 Mil) to Sep. 2023 (円61,037.00 Mil) and increased from Sep. 2023 (円61,037.00 Mil) to Dec. 2023 (円64,928.00 Mil).

Daido Steel Co's annual cash and cash equivalents increased from Mar. 2022 (円58,142.00 Mil) to Mar. 2023 (円58,224.00 Mil) and increased from Mar. 2023 (円58,224.00 Mil) to Mar. 2024 (円64,206.00 Mil).

Daido Steel Co Cash And Cash Equivalents Historical Data

The historical data trend for Daido Steel Co'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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Daido Steel Co Cash And Cash Equivalents Chart

Daido Steel Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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59,558.00

67,314.00

58,142.00

58,224.00

64,206.00

Daido Steel Co 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															58,224.00	58,886.00	61,037.00	64,928.00	64,206.00

Daido Steel Co 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.

Daido Steel Co (NGO:5471) 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.

Daido Steel Co Cash And Cash Equivalents Related Terms

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Daido Steel Co (NGO:5471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Daido Steel Co Ltd (NGO:5471) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

5471:Japan DDL:Germany

Address

1-10, Higashisakura 1-chome, Higashi-ku, Nagoya, Aichi, JPN, 461-8581

Website

http://www.daido.co.jp

Daido Steel Co Ltd is a Japan-based company that primarily operates through three segments. The special steel segment produces and distributes specialty steel for automotive parts, industrial machinery parts, electrical machinery parts, construction, and tool steel. The high-performance materials and magnetic materials segment produces and sells stainless steel, nickel-based alloys, electrical and electronic parts, magnetic material products, alloy powder, titanium products, and welding wire. The parts for automobile and industrial equipment segment is engaged in forging and casting for parts for automobiles, industrial machines, chemical equipment, and oil drilling rigs. The company generates majority of its revenue from the Japanese domestic market.

Daido Steel Co (NGO:5471) Headlines

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