IBL Finance (NSE:IBLFL) Cash And Cash Equivalents : ₹52.0 Mil (As of Mar. 2024)

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What is IBL Finance Cash And Cash Equivalents?

IBL Finance's quarterly cash and cash equivalents declined from Mar. 2022 (₹12.80 Mil) to Mar. 2023 (₹10.45 Mil) but then increased from Mar. 2023 (₹10.45 Mil) to Mar. 2024 (₹51.98 Mil).

IBL Finance's annual cash and cash equivalents declined from Mar. 2022 (₹12.80 Mil) to Mar. 2023 (₹10.45 Mil) but then increased from Mar. 2023 (₹10.45 Mil) to Mar. 2024 (₹51.98 Mil).

IBL Finance Cash And Cash Equivalents Historical Data

The historical data trend for IBL Finance'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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IBL Finance Cash And Cash Equivalents Chart

IBL Finance Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

4.13

12.80

10.45

51.98

IBL Finance Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash And Cash Equivalents	4.13	12.80	10.45	51.98

IBL Finance 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.

IBL Finance (NSE:IBLFL) 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.

IBL Finance Cash And Cash Equivalents Related Terms

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IBL Finance Business Description

Industry

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Traded in Other Exchanges

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Address

Ring Road, 1001, World Trade Center, Nr. Udhna Darwaja, Surat, GJ, IND, 395002

Website

https://www.iblfinance.in

IBL Finance Ltd is a fintech-based financial services platform that leverages technology and data science to make lending quick and easy. It has a mobile application that provides instant personal loans which loan up to Rupees 50,000 with tenors of up to 12 months through an entirely digital mobile App-only process. The Company is engaged in one segment only i.e. Loan Segment. The company generates revenue from Interest Income on Loan Portfolio and Loan Processing Fees & Charges.

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