JTL Industries (BOM:534600) Cash And Cash Equivalents : ₹1,012 Mil (As of Mar. 2024)

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What is JTL Industries Cash And Cash Equivalents?

JTL Industries's quarterly cash and cash equivalents declined from Sep. 2023 (₹509.55 Mil) to Dec. 2023 (₹0.00 Mil) but then increased from Dec. 2023 (₹0.00 Mil) to Mar. 2024 (₹1,012.29 Mil).

JTL Industries's annual cash and cash equivalents increased from Mar. 2022 (₹2.59 Mil) to Mar. 2023 (₹500.85 Mil) and increased from Mar. 2023 (₹500.85 Mil) to Mar. 2024 (₹1,012.29 Mil).

JTL Industries Cash And Cash Equivalents Historical Data

The historical data trend for JTL Industries'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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JTL Industries Cash And Cash Equivalents Chart

JTL Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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5.39

2.12

2.59

500.85

1,012.29

JTL Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	500.85	509.55	-	1,012.29

JTL Industries 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.

JTL Industries (BOM:534600) 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.

JTL Industries Cash And Cash Equivalents Related Terms

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JTL Industries (BOM:534600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » JTL Industries Ltd (BOM:534600) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

JTLIND:India

Address

SCO 18-19, Sector 28-C, Chandigarh, PB, IND, 160 002

Website

https://www.jtlinfra.com

JTL Industries Ltd operates in the metal industry. The company manufactures and is involved in galvanized ERW Steel Pipes and Tubes, hollow sections, and structural steel extensively used in engineering and construction projects. Company has single reportable business segment i.e. manufacturing of iron/steel tubes, pipes and structures. The Company has a pan-India presence and is globally present in serving continents such as Europe, Africa, Asia, Australia and North America.

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