Phoenix Overseas (NSE:PHOGLOBAL) Cash And Cash Equivalents : ₹417 Mil (As of Sep. 2024)

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What is Phoenix Overseas Cash And Cash Equivalents?

Phoenix Overseas's quarterly cash and cash equivalents increased from Sep. 2023 (₹0.00 Mil) to Mar. 2024 (₹85.87 Mil) and increased from Mar. 2024 (₹85.87 Mil) to Sep. 2024 (₹416.97 Mil).

Phoenix Overseas's annual cash and cash equivalents increased from Mar. 2022 (₹27.90 Mil) to Mar. 2023 (₹356.30 Mil) but then declined from Mar. 2023 (₹356.30 Mil) to Mar. 2024 (₹85.87 Mil).

Phoenix Overseas Cash And Cash Equivalents Historical Data

The historical data trend for Phoenix Overseas'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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Phoenix Overseas Cash And Cash Equivalents Chart

Phoenix Overseas Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

134.03

27.90

356.30

85.87

Phoenix Overseas Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial			27.90	356.30	-	85.87	416.97

Phoenix Overseas 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.

Phoenix Overseas (NSE:PHOGLOBAL) 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.

Phoenix Overseas Cash And Cash Equivalents Related Terms

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Phoenix Overseas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Phoenix Overseas Ltd (NSE:PHOGLOBAL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

13B Bidhan Sarani Amherst Street, Chanda Plaza 4th Floor, Kolkata, WB, IND, 700006

Website

https://www.phxglobal.net

Phoenix Overseas Ltd is engaged into trading and marketing of animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. It exports are to Bangladesh among other Asian Countries. It is also engaged in manufacturing of bags for men and women made of jute, cotton, canvas, and leather as well as various other fashion accessories for buyers based in European Countries like France, Italy, Germany, UAE and also in Australia. The company include three segments: Fashion Accessories, Merchant Export and Cold storage. Key revenue is generated from Merchant Export.

Phoenix Overseas Headlines

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