Ekennis Software Service (BOM:543475) Cash And Cash Equivalents : ₹27.55 Mil (As of Sep. 2023)

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What is Ekennis Software Service Cash And Cash Equivalents?

Ekennis Software Service's quarterly cash and cash equivalents increased from Sep. 2022 (₹25.71 Mil) to Mar. 2023 (₹26.84 Mil) and increased from Mar. 2023 (₹26.84 Mil) to Sep. 2023 (₹27.55 Mil).

Ekennis Software Service's annual cash and cash equivalents increased from Mar. 2021 (₹12.58 Mil) to Mar. 2022 (₹32.57 Mil) but then declined from Mar. 2022 (₹32.57 Mil) to Mar. 2023 (₹26.84 Mil).

Ekennis Software Service Cash And Cash Equivalents Historical Data

The historical data trend for Ekennis Software Service'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.

* Premium members only.

Ekennis Software Service Cash And Cash Equivalents Chart

Ekennis Software Service Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

5.48

12.58

32.57

26.84

Ekennis Software Service Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial			-	32.57	25.71	26.84	27.55

Ekennis Software Service 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.

Ekennis Software Service (BOM:543475) 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.

Ekennis Software Service Cash And Cash Equivalents Related Terms

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Ekennis Software Service (BOM:543475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ekennis Software Service Ltd (BOM:543475) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1&2 Second Floor, Neeladri Circle, Electronic City Phase-1, Dodathogur Village, Bangalore, KA, IND, 560100

Website

https://www.ekennis.com

Ekennis Software Service Ltd operates in the Information technology and Printing Industry. It is in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning solutions, Learning Management solutions, 3D Printing, Digital Printing and Packaging Design Management consultancy. The company generates majority of its revenue from Manpower Supply Services.

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