Opal Luxury Time Products (NSE:OPAL) Cash, Cash Equivalents, Marketable Securities : ₹0.17 Mil (As of Sep. 2019)

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What is Opal Luxury Time Products Cash, Cash Equivalents, Marketable Securities?

Opal Luxury Time Products's quarterly cash, cash equivalents, marketable securities declined from Mar. 2018 (₹0.42 Mil) to Sep. 2018 (₹0.00 Mil) but then increased from Sep. 2018 (₹0.00 Mil) to Sep. 2019 (₹0.17 Mil).

Opal Luxury Time Products's annual cash, cash equivalents, marketable securities declined from Mar. 2016 (₹7.24 Mil) to Mar. 2017 (₹5.12 Mil) and declined from Mar. 2017 (₹5.12 Mil) to Mar. 2018 (₹0.42 Mil).

Opal Luxury Time Products Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Opal Luxury Time Products'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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Opal Luxury Time Products Cash, Cash Equivalents, Marketable Securities Chart

Opal Luxury Time Products Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Cash, Cash Equivalents, Marketable Securities

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1.68

3.62

7.24

5.12

0.42

Opal Luxury Time Products Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Sep19
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				7.24	5.12	0.42	-	0.17

Opal Luxury Time Products 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.

Opal Luxury Time Products (NSE:OPAL) 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.

Opal Luxury Time Products Cash, Cash Equivalents, Marketable Securities Related Terms

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Opal Luxury Time Products (NSE:OPAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Opal Luxury Time Products Ltd (NSE:OPAL) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

Senapati Bapat Road, Shree Ganesh, Plot No. 31, 1st Floor, Shivaji Housing Society, Behind ICC Tower, Pune, MH, IND, 411016

Website

http://www.opalclocks.com

Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products and designs, manufactures, assembles, markets and primarily in India and offers watches, wall and table clocks, and allied products and accessories. The firm markets its products through a network of distributors, dealers, home décor stores, furniture stores, crockery dealers, and organized retailers under the Opal brand. The company operates 333 counters and 11 online shopping portals in India. The firm offers a diverse product mix which varies with the following parameters: - Price Range, Mould-component-make (wood, metal, acrylic, glass, etc.) and Styles (statue, table, digital, and contemporary). It also offers its products through opalclocks.com, an online shopping portal.