Tsuruha Holdings (TSE:3391) Cash And Cash Equivalents : 円51,321 Mil (As of Feb. 2024)

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What is Tsuruha Holdings Cash And Cash Equivalents?

Tsuruha Holdings's quarterly cash and cash equivalents increased from Aug. 2023 (円63,257.00 Mil) to Nov. 2023 (円65,953.00 Mil) but then stayed the same from Nov. 2023 (円65,953.00 Mil) to Feb. 2024 (円51,321.00 Mil).

Tsuruha Holdings's annual cash and cash equivalents increased from May. 2021 (円116,531.00 Mil) to May. 2022 (円127,026.00 Mil) but then declined from May. 2022 (円127,026.00 Mil) to May. 2023 (円79,050.00 Mil).

Tsuruha Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Tsuruha Holdings'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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Tsuruha Holdings Cash And Cash Equivalents Chart

Tsuruha Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

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42,833.00

57,069.00

116,531.00

127,026.00

79,050.00

Tsuruha Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															71,533.00	79,050.00	63,257.00	65,953.00	51,321.00

Tsuruha Holdings 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.

Tsuruha Holdings (TSE:3391) 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.

Tsuruha Holdings Cash And Cash Equivalents Related Terms

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Tsuruha Holdings (TSE:3391) Business Description

Industry

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TSUSF:USA

Address

20, Higashi 24-chome, Higashi Sapporo 1-21, Kitaku, JPN, 065-0024

Website

http://www.tsuruha-hd.co.jp

Tsuruha Holdings Inc manages pharmaceutical companies in Japan, where the drugstore business is the core of their operations. The company generates revenue through selling prescription and over-the-counter drugs, medical supplies, nursing care products, discount cosmetics, health products, and a miscellaneous assortment of general merchandise. Tsuruha also provides blood testing services, disease prevention solutions, and at-home drug delivery services.

Tsuruha Holdings (TSE:3391) Headlines

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