Magson Retail and Distribution (NSE:MAGSON) Cash, Cash Equivalents, Marketable Securities : ₹95.1 Mil (As of Sep. 2023)

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What is Magson Retail and Distribution Cash, Cash Equivalents, Marketable Securities?

Magson Retail and Distribution's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 (₹0.00 Mil) to Mar. 2023 (₹8.53 Mil) and increased from Mar. 2023 (₹8.53 Mil) to Sep. 2023 (₹95.08 Mil).

Magson Retail and Distribution's annual cash, cash equivalents, marketable securities declined from Mar. 2021 (₹2.52 Mil) to Mar. 2022 (₹1.98 Mil) but then increased from Mar. 2022 (₹1.98 Mil) to Mar. 2023 (₹8.53 Mil).

Magson Retail and Distribution Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Magson Retail and Distribution's Cash, Cash Equivalents, Marketable Securities 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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Magson Retail and Distribution Cash, Cash Equivalents, Marketable Securities Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

2.52

1.98

8.53

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	2.52	1.98	-	8.53	95.08

Magson Retail and Distribution Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Magson Retail and Distribution (NSE:MAGSON) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Magson Retail and Distribution Cash, Cash Equivalents, Marketable Securities Related Terms

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Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

Magson Retail and Distribution (NSE:MAGSON) Headlines

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