Eveready East Africa (NAI:EVRD) Cash And Cash Equivalents : KES8.81 Mil (As of Mar. 2024)

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What is Eveready East Africa Cash And Cash Equivalents?

Eveready East Africa's quarterly cash and cash equivalents declined from Mar. 2023 (KES9.87 Mil) to Sep. 2023 (KES8.79 Mil) but then increased from Sep. 2023 (KES8.79 Mil) to Mar. 2024 (KES8.81 Mil).

Eveready East Africa's annual cash and cash equivalents increased from Sep. 2021 (KES59.44 Mil) to Sep. 2022 (KES64.24 Mil) but then declined from Sep. 2022 (KES64.24 Mil) to Sep. 2023 (KES8.79 Mil).

Eveready East Africa Cash And Cash Equivalents Historical Data

The historical data trend for Eveready East Africa'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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Eveready East Africa Cash And Cash Equivalents Chart

Eveready East Africa Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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78.19

77.85

59.44

64.24

8.79

Eveready East Africa Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															60.71	64.24	9.87	8.79	8.81

Eveready East Africa 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.

Eveready East Africa (NAI:EVRD) 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.

Eveready East Africa Cash And Cash Equivalents Related Terms

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Eveready East Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Eveready East Africa PLC (NAI:EVRD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Mombasa Road, P.O. Box 30429, Sameer Industrial Park, Nairobi, KEN, 00100

Website

https://www.eveready.co.ke

Eveready East Africa PLC is Kenya-based firm. The company is mainly engaged in the production, distribution, and sales of portable power solutions. Its product portfolio is divided into three categories namely, Automotive comprises offree car batteries, battery water, and battery acid; Fabric comprises of Clorox and cleaning products; and Household dry cell batteries. The company offers its products under the brand name, TURBO, EVERCLEAN.

Eveready East Africa Headlines

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