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enX Group (JSE:ENX) Cash And Cash Equivalents : R303 Mil (As of Aug. 2023)


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What is enX Group Cash And Cash Equivalents?

enX Group's quarterly cash and cash equivalents declined from Aug. 2022 (R970.09 Mil) to Feb. 2023 (R401.62 Mil) but then stayed the same from Feb. 2023 (R401.62 Mil) to Aug. 2023 (R302.98 Mil).

enX Group's annual cash and cash equivalents increased from Aug. 2021 (R856.02 Mil) to Aug. 2022 (R970.09 Mil) but then declined from Aug. 2022 (R970.09 Mil) to Aug. 2023 (R302.98 Mil).

enX Group Cash And Cash Equivalents Historical Data

The historical data trend for enX Group'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.

enX Group Cash And Cash Equivalents Chart

enX Group Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 458.74 885.91 856.02 970.09 302.98

enX Group Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 856.02 412.56 970.09 401.62 302.98

enX Group 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.

enX Group  (JSE:ENX) 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.

enX Group Cash And Cash Equivalents Related Terms

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enX Group (JSE:ENX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » enX Group Ltd (JSE:ENX) » Definitions » Cash And Cash Equivalents
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OSL:ISLAX OSL:IFISH OSL:BAKKA OSL:SALM OSL:GIGA OSL:AFISH GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME OTIS CMI ROK TSE:6273
Traded in Other Exchanges
N/A
Address
9th Floor, Kathryn Towers, 1 Park Lane, Sandton, PostNet Suite X86, Private Bag X7, Aston Manor, ZAF, 1630
Website
https://www.enxgroup.co.za
enX Group Ltd is a diversified industrial group that provides industrial equipment, parts, related components, support services, and petrochemical products to diverse industries in South Africa, Sub-Saharan Africa, and the UK. The company operates through three segments including enX Power, enX Lubricants and enX Chemicals. enX Power involves New Way Power designs, manufacturers, installs, rents and maintains diesel generators and distributes a range of industrial engines. enX Chemicals involves West African International imports, stores and distributes plastics, polymers, rubber and speciality chemicals as well as conveyor belting, steel cord and conveyer belting fabric into Southern Africa. enX Lubricants segment African Group Lubricants produces and markets oil lubricants.