Shinto Co (TSE:5380) Cash And Cash Equivalents : 円274 Mil (As of Mar. 2024)

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What is Shinto Co Cash And Cash Equivalents?

Shinto Co's quarterly cash and cash equivalents increased from Sep. 2023 (円213.59 Mil) to Dec. 2023 (円256.40 Mil) and increased from Dec. 2023 (円256.40 Mil) to Mar. 2024 (円273.84 Mil).

Shinto Co's annual cash and cash equivalents increased from Jun. 2021 (円224.92 Mil) to Jun. 2022 (円227.53 Mil) but then declined from Jun. 2022 (円227.53 Mil) to Jun. 2023 (円181.79 Mil).

Shinto Co Cash And Cash Equivalents Historical Data

The historical data trend for Shinto 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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Shinto Co Cash And Cash Equivalents Chart

Shinto Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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261.90

185.34

224.92

227.53

181.79

Shinto 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															212.96	181.79	213.59	256.40	273.84

Shinto 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.

Shinto Co (TSE:5380) 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.

Shinto Co Cash And Cash Equivalents Related Terms

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Shinto Co (TSE:5380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shinto Co Ltd (TSE:5380) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

5380:Japan

Address

4-7-2 Ronchi-cho, Aichi, Takahama, JPN, 444-1314

Website

http://www.shintokawara.co.jp

Shinto Co Ltd manufactures and sells ceramic roof tiles. The company imports and exports roof materials and provides engineering work as well. The firm focuses on developing new materials for Japanese and western-style roof tiles and operates in Japan.

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