Nissei ASB Machine Co (TSE:6284) Cash And Cash Equivalents : 円24,561 Mil (As of Mar. 2024)

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What is Nissei ASB Machine Co Cash And Cash Equivalents?

Nissei ASB Machine Co's quarterly cash and cash equivalents declined from Sep. 2023 (円23,578.00 Mil) to Dec. 2023 (円22,750.00 Mil) but then increased from Dec. 2023 (円22,750.00 Mil) to Mar. 2024 (円24,561.00 Mil).

Nissei ASB Machine Co's annual cash and cash equivalents declined from Sep. 2021 (円20,389.00 Mil) to Sep. 2022 (円19,188.00 Mil) but then increased from Sep. 2022 (円19,188.00 Mil) to Sep. 2023 (円23,578.00 Mil).

Nissei ASB Machine Co Cash And Cash Equivalents Historical Data

The historical data trend for Nissei ASB Machine 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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Nissei ASB Machine Co Cash And Cash Equivalents Chart

Nissei ASB Machine Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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8,563.00

17,699.00

20,389.00

19,188.00

23,578.00

Nissei ASB Machine 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															20,340.00	21,365.00	23,578.00	22,750.00	24,561.00

Nissei ASB Machine 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.

Nissei ASB Machine Co (TSE:6284) 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.

Nissei ASB Machine Co Cash And Cash Equivalents Related Terms

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Nissei ASB Machine Co (TSE:6284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nissei ASB Machine Co Ltd (TSE:6284) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

4586-3 Koo, Komoro-Shi, Nagano, JPN, 384-8585

Website

http://www.nisseiasb.co.jp

Nissei Asb Machine Co Ltd manufactures and sells stretch blow molding machines for PET and other plastic bottles. Its products include one-step stretch blow molding, perform molding, and heat resistant blow molding machines, among others.

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