Kritika Wires (NSE:KRITIKA) Cash And Cash Equivalents : ₹189 Mil (As of Mar. 2024)

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What is Kritika Wires Cash And Cash Equivalents?

Kritika Wires's quarterly cash and cash equivalents declined from Mar. 2023 (₹13.88 Mil) to Sep. 2023 (₹2.33 Mil) but then increased from Sep. 2023 (₹2.33 Mil) to Mar. 2024 (₹189.34 Mil).

Kritika Wires's annual cash and cash equivalents declined from Mar. 2022 (₹25.47 Mil) to Mar. 2023 (₹13.88 Mil) but then increased from Mar. 2023 (₹13.88 Mil) to Mar. 2024 (₹189.34 Mil).

Kritika Wires Cash And Cash Equivalents Historical Data

The historical data trend for Kritika Wires'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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Kritika Wires Cash And Cash Equivalents Chart

Kritika Wires Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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1.81

12.83

25.47

13.88

189.34

Kritika Wires Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial												25.47	-	13.88	2.33	189.34

Kritika Wires 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.

Kritika Wires (NSE:KRITIKA) 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.

Kritika Wires Cash And Cash Equivalents Related Terms

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Kritika Wires (NSE:KRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kritika Wires Ltd (NSE:KRITIKA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Plot-BG-12, Bus Terminus and Commercial Complex, Unit no. 201, 2nd Floor, AA-I, New Town Pride Hotel Building, Opposite to NOVOTEL, Kolkata, WB, IND, 700156

Website

https://www.kritikawires.com

Kritika Wires Ltd is engaged in the manufacturing of galvanized steel wires and wire products. The company is focused on exporting and supplying Industrial Steel. The company's products are used for the transmission and distribution of electricity, and the manufacturing of concrete slippers, poles, bridges, and other infrastructure facilities. The products of the company include Mild Steel Wire, GI Stay Wire, Spring Steel Wire, Barbed Wire, and others.

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