Loyal Textile Mills (NSE:LOYALTEX) Cash And Cash Equivalents : ₹0 Mil (As of Dec. 2024)

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What is Loyal Textile Mills Cash And Cash Equivalents?

Loyal Textile Mills's quarterly cash and cash equivalents increased from Jun. 2024 (₹0.00 Mil) to Sep. 2024 (₹31.90 Mil) but then stayed the same from Sep. 2024 (₹31.90 Mil) to Dec. 2024 (₹0.00 Mil).

Loyal Textile Mills's annual cash and cash equivalents declined from Mar. 2022 (₹56.66 Mil) to Mar. 2023 (₹34.51 Mil) and declined from Mar. 2023 (₹34.51 Mil) to Mar. 2024 (₹11.31 Mil).

Loyal Textile Mills Cash And Cash Equivalents Historical Data

The historical data trend for Loyal Textile Mills'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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Loyal Textile Mills Cash And Cash Equivalents Chart

Loyal Textile Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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15.70

39.20

56.66

34.51

11.31

Loyal Textile Mills Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															7.60	11.31	-	31.90	-

Loyal Textile Mills 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.

Loyal Textile Mills (NSE:LOYALTEX) 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.

Loyal Textile Mills Cash And Cash Equivalents Related Terms

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Loyal Textile Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Loyal Textile Mills Ltd (NSE:LOYALTEX) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

514036:India

Address

1st Main Road, No. 83, R. A. Puram, Mandaveli, Chennai, TN, IND, 600028

Website

https://www.loyaltextiles.com

Loyal Textile Mills Ltd is an India-based company that provides various products and services for the textile and apparel industries. The company is engaged in the manufacturing of yarn, woven fabric, knitted fabric, and technical clothing. The company operates in two business segments that are manufacturing and trading activities. The Company has manufacturing plants at Kovilpatti, Sattur, Cuddalore, Sivagangai in Tamilnadu, Khammam in Telangana, and Naidupeta in Andhra Pradesh.

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