Abans Financial Services (NSE:AFSL) Cash And Cash Equivalents : ₹0 Mil (As of Dec. 2024)

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What is Abans Financial Services Cash And Cash Equivalents?

Abans Financial Services's quarterly cash and cash equivalents increased from Jun. 2024 (₹0.00 Mil) to Sep. 2024 (₹1,447.08 Mil) but then stayed the same from Sep. 2024 (₹1,447.08 Mil) to Dec. 2024 (₹0.00 Mil).

Abans Financial Services's annual cash and cash equivalents increased from Mar. 2022 (₹690.22 Mil) to Mar. 2023 (₹2,320.08 Mil) and increased from Mar. 2023 (₹2,320.08 Mil) to Mar. 2024 (₹2,333.82 Mil).

Abans Financial Services Cash And Cash Equivalents Historical Data

The historical data trend for Abans Financial Services'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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Abans Financial Services Cash And Cash Equivalents Chart

Abans Financial Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

773.61

1,533.42

690.22

2,320.08

2,333.82

Abans Financial Services Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial								-	2,333.82	-	1,447.08	-

Abans Financial Services 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.

Abans Financial Services (NSE:AFSL) 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.

Abans Financial Services Cash And Cash Equivalents Related Terms

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Abans Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Financial Services Ltd (NSE:AFSL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

543712:India

Address

Backbay Reclamation, 36, 37, 38A, Floor 3, 227 Nariman Bhavan, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.abansholdings.com

Abans Financial Services Ltd, formerly Abans Holdings Ltd is engaged in providing financial services. The principal activities of the Company include wealth and asset management services including financial asset distribution, broking, lending, credit, investment solutions, asset and portfolio management, treasury operations, and allied activities. The company is also engaged in advisory services like Corporate Finance, Project Finance, Trade Finance, and providing Business & Retail Loans, unsecured and secured against collateral security, investment in government security, and bonds. The operating segments of the company are Agency business, Internal treasury operations, Lending activities, and Others. The majority of its revenue is derived from the Internal treasury operations segment.

Abans Financial Services Headlines

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