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National Grid (MEX:NGG) Cash And Cash Equivalents : MXN29,301 Mil (As of Sep. 2024)


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What is National Grid Cash And Cash Equivalents?

National Grid's quarterly cash and cash equivalents increased from Sep. 2023 (MXN4,893.68 Mil) to Mar. 2024 (MXN11,556.22 Mil) and increased from Mar. 2024 (MXN11,556.22 Mil) to Sep. 2024 (MXN29,301.04 Mil).

National Grid's annual cash and cash equivalents declined from Mar. 2022 (MXN4,984.31 Mil) to Mar. 2023 (MXN2,756.25 Mil) but then increased from Mar. 2023 (MXN2,756.25 Mil) to Mar. 2024 (MXN11,556.22 Mil).


National Grid Cash And Cash Equivalents Historical Data

The historical data trend for National Grid'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.

National Grid Cash And Cash Equivalents Chart

National Grid Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,118.45 4,110.88 4,984.31 2,756.25 11,556.22

National Grid Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 5,900.10 2,756.25 4,893.68 11,556.22 29,301.04

National Grid 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.


National Grid  (MEX:NGG) 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.


National Grid Cash And Cash Equivalents Related Terms

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National Grid Business Description

Address
1-3 Strand, London, GBR, WC2N 5EH
National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.