Odel (COL:ODEL.N0000) Cash And Cash Equivalents : රු120 Mil (As of Dec. 2023)

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What is Odel Cash And Cash Equivalents?

Odel's quarterly cash and cash equivalents declined from Jun. 2023 (රු163.49 Mil) to Sep. 2023 (රු105.72 Mil) but then increased from Sep. 2023 (රු105.72 Mil) to Dec. 2023 (රු120.41 Mil).

Odel's annual cash and cash equivalents declined from Mar. 2021 (රු232.35 Mil) to Mar. 2022 (රු167.39 Mil) but then increased from Mar. 2022 (රු167.39 Mil) to Mar. 2023 (රු220.75 Mil).

Odel Cash And Cash Equivalents Historical Data

The historical data trend for Odel'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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Odel Cash And Cash Equivalents Chart

Odel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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117.23

152.47

232.35

167.39

220.75

Odel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															241.00	220.75	163.49	105.72	120.41

Odel 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.

Odel (COL:ODEL.N0000) 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.

Odel Cash And Cash Equivalents Related Terms

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Odel (COL:ODEL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Odel PLC (COL:ODEL.N0000) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.475/32, Kotte Road, Rajagiriya, LKA

Website

https://www.odel.lk

Odel PLC and its subsidiaries are involved in fashion retail activities, letting retail spaces, manufacturing and supplying garments, retail business, holding properties for capital appreciation, providing information technology infrastructure and maintenance services, and importing and retailing branded apparel. It operates in two segments: Fashion Retailing, which generates the majority of revenue; and Investment Property. The Fashion Retailing Segment offers various fashion-related clothing, accessories, sportwear, footwear etc., to a wide range of customers. Geographically the company caters only to the Sri Lankan market.

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