Service Care (NSE:SERVICE) Cash And Cash Equivalents : ₹24 Mil (As of Sep. 2024)

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What is Service Care Cash And Cash Equivalents?

Service Care's quarterly cash and cash equivalents increased from Sep. 2023 (₹0.00 Mil) to Mar. 2024 (₹54.25 Mil) but then stayed the same from Mar. 2024 (₹54.25 Mil) to Sep. 2024 (₹23.68 Mil).

Service Care's annual cash and cash equivalents increased from Mar. 2022 (₹30.61 Mil) to Mar. 2023 (₹48.25 Mil) and increased from Mar. 2023 (₹48.25 Mil) to Mar. 2024 (₹54.25 Mil).

Service Care Cash And Cash Equivalents Historical Data

The historical data trend for Service Care'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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Service Care Cash And Cash Equivalents Chart

Service Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

1.77

29.82

30.61

48.25

54.25

Service Care Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial			30.61	48.25	-	54.25	23.68

Service Care 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.

Service Care (NSE:SERVICE) 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.

Service Care Cash And Cash Equivalents Related Terms

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Service Care Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Service Care Ltd (NSE:SERVICE) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

2nd Main Road, No. 653, 1st Floor, Domlur Layout, Bangalore, KA, IND, 560071

Website

https://www.servicecare.in

Service Care Ltd is engaged in providing services such as Workspace Administration Services and Workforce Administration Services across all business domains. Workspace Administration services cover all the Integrated Facility Management and Business Services, on the other hand, Workforce Administration services covers all kind of staffing solutions, outsourced recruitment processes, and payroll management. Its operations are in the business of housekeeping facility management service and payroll service.

Service Care Headlines

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