Paramount Dye Tec (NSE:PARAMOUNT) Cash And Cash Equivalents : ₹123.9 Mil (As of Mar. 2024)

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What is Paramount Dye Tec Cash And Cash Equivalents?

Paramount Dye Tec's quarterly cash and cash equivalents increased from Mar. 2022 (₹0.39 Mil) to Mar. 2023 (₹1.29 Mil) and increased from Mar. 2023 (₹1.29 Mil) to Mar. 2024 (₹123.87 Mil).

Paramount Dye Tec's annual cash and cash equivalents increased from Mar. 2022 (₹0.39 Mil) to Mar. 2023 (₹1.29 Mil) and increased from Mar. 2023 (₹1.29 Mil) to Mar. 2024 (₹123.87 Mil).

Paramount Dye Tec Cash And Cash Equivalents Historical Data

The historical data trend for Paramount Dye Tec'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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Paramount Dye Tec Cash And Cash Equivalents Chart

Paramount Dye Tec Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

9.07

0.39

1.29

123.87

Paramount Dye Tec Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Cash And Cash Equivalents	9.07	0.39	1.29	123.87

Paramount Dye Tec 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.

Paramount Dye Tec (NSE:PARAMOUNT) 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.

Paramount Dye Tec Cash And Cash Equivalents Related Terms

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Paramount Dye Tec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Paramount Dye Tec Ltd (NSE:PARAMOUNT) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Machiwara Road, Village Mangarh, Kohara, Ludhiana, PB, IND, 141112

Website

https://www.paramountdyetec.com

Paramount Dye Tec Ltd manufactures yarns by recycling synthetic fiber (recycling synthetic waste), serving the B2B segment of the textile industry. It offers a range of products including synthetic fiber and yarns which include acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. The company utilizes synthetic waste fibers as its primary raw material, transforming them into quality yarn.

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