Jahangir Siddiqui (KAR:JSCL) Cash And Cash Equivalents : ₨83,590 Mil (As of Mar. 2024)

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What is Jahangir Siddiqui Cash And Cash Equivalents?

Jahangir Siddiqui's quarterly cash and cash equivalents increased from Sep. 2023 (₨80,842.41 Mil) to Dec. 2023 (₨87,400.40 Mil) but then stayed the same from Dec. 2023 (₨87,400.40 Mil) to Mar. 2024 (₨83,590.08 Mil).

Jahangir Siddiqui's annual cash and cash equivalents declined from Dec. 2021 (₨35,502.44 Mil) to Dec. 2022 (₨26,602.04 Mil) but then increased from Dec. 2022 (₨26,602.04 Mil) to Dec. 2023 (₨87,400.40 Mil).

Jahangir Siddiqui Cash And Cash Equivalents Historical Data

The historical data trend for Jahangir Siddiqui'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.

Jahangir Siddiqui Cash And Cash Equivalents Chart

Jahangir Siddiqui Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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26,074.33

31,769.71

35,502.44

26,602.04

87,400.40

Jahangir Siddiqui Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															38,028.03	43,240.97	80,842.41	87,400.40	83,590.08

Jahangir Siddiqui 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.

Jahangir Siddiqui (KAR:JSCL) 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.

Jahangir Siddiqui Cash And Cash Equivalents Related Terms

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Jahangir Siddiqui (KAR:JSCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jahangir Siddiqui & Co Ltd (KAR:JSCL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abdullah Haroon Road, 20th Floor, The Centre Plot No. 28, SB-5, Saddar, Karachi, PAK, 74400

Website

https://www.js.com

Jahangir Siddiqui & Co Ltd offers banking services. The company operates through a various business segment that is Capital Market and Brokerage, which is engaged in trading of equity securities, maintaining strategic and trading portfolios and earning share brokerage and money market, forex and commodity brokerage; Banking, which provides investment and commercial banking; Investment Advisor, which provides investment advisory and asset management services to different mutual funds and unit trusts; Energy Infrastructure and petroleum segment engaged into investment in the oil marketing sector and storage of petroleum, Liquified Petroleum gas and allied products; and Others. The Banking segment generates maximum revenue for the company.

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