Nexxus Petro Industries (BOM:544265) Cash And Cash Equivalents : ₹28 Mil (As of Mar. 2024)

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What is Nexxus Petro Industries Cash And Cash Equivalents?

Nexxus Petro Industries's quarterly cash and cash equivalents declined from Mar. 2022 (₹5.24 Mil) to Mar. 2023 (₹2.57 Mil) but then increased from Mar. 2023 (₹2.57 Mil) to Mar. 2024 (₹27.99 Mil).

Nexxus Petro Industries's annual cash and cash equivalents declined from Mar. 2022 (₹5.24 Mil) to Mar. 2023 (₹2.57 Mil) but then increased from Mar. 2023 (₹2.57 Mil) to Mar. 2024 (₹27.99 Mil).

Nexxus Petro Industries Cash And Cash Equivalents Historical Data

The historical data trend for Nexxus Petro 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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Nexxus Petro Industries Cash And Cash Equivalents Chart

Nexxus Petro Industries Annual Data

Trend

Mar22

Mar23

Mar24

Cash And Cash Equivalents

5.24

2.57

27.99

Nexxus Petro Industries Semi-Annual Data
	Mar22	Mar23	Mar24
Cash And Cash Equivalents	5.24	2.57	27.99

Nexxus Petro 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.

Nexxus Petro Industries (BOM:544265) 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.

Nexxus Petro Industries Cash And Cash Equivalents Related Terms

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Nexxus Petro Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nexxus Petro Industries Ltd (BOM:544265) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

SP Ring Road, Near Shantipura Circle, Swati Trinity, B-811, Applewoods Township, Sanathal Sanand, Sarkhej, Dascroi, Ahmedabad, GJ, IND, 382210

Website

https://www.nexxusgroup.co.in

Nexxus Petro Industries Ltd is engaged in trading, manufacturing and selling of Petrochem products namely Bitumen products. Its product is widely used in the infrastructure sector and the road construction industry. It variety of products includes various grades of Bitumen which are classified on the basis of viscosity and related properties of each grade. Presently, the company procures bitumen via imports from Dubai as well as purchases from other domestic importers/sellers in India.

Nexxus Petro Industries Headlines

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