Zeal Global Services (NSE:ZEAL) Cash And Cash Equivalents : ₹51 Mil (As of Mar. 2024)

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What is Zeal Global Services Cash And Cash Equivalents?

Zeal Global Services's quarterly cash and cash equivalents increased from Mar. 2023 (₹16.11 Mil) to Sep. 2023 (₹30.52 Mil) and increased from Sep. 2023 (₹30.52 Mil) to Mar. 2024 (₹50.76 Mil).

Zeal Global Services's annual cash and cash equivalents declined from Mar. 2022 (₹112.65 Mil) to Mar. 2023 (₹16.11 Mil) but then increased from Mar. 2023 (₹16.11 Mil) to Mar. 2024 (₹50.76 Mil).

Zeal Global Services Cash And Cash Equivalents Historical Data

The historical data trend for Zeal Global Services'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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Zeal Global Services Cash And Cash Equivalents Chart

Zeal Global Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

106.35

41.54

112.65

16.11

50.76

Zeal Global Services Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial			112.65	-	16.11	30.52	50.76

Zeal Global Services 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.

Zeal Global Services (NSE:ZEAL) 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.

Zeal Global Services Cash And Cash Equivalents Related Terms

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Zeal Global Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zeal Global Services Ltd (NSE:ZEAL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street No. 6, A - 261/262, Third Floor, Mahipalpur Extension, New Delhi, IND, 110037

Website

https://www.zeal-global.com

Zeal Global Services Ltd is engaged in the business of providing logistics solutions in the Air Cargo Industry. It has been operating as General Sales and Service Agent (GSSA) and sales partner for airlines in the region. The Company realizes that clients have specific requirements with regard to their shipments. Its approach is to bring economical solutions to its client's freighting needs through - excessive aircraft, load and destination compatibility analysis to suit the ever-changing needs of various industries such as fashion, pharmaceuticals, automotive and industrials. The company has one segment Air Cargo Service.