Good Com Asset Co (TSE:3475) Cash And Cash Equivalents : 円11,662 Mil (As of Oct. 2024)

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What is Good Com Asset Co Cash And Cash Equivalents?

Good Com Asset Co's quarterly cash and cash equivalents increased from Jan. 2024 (円4,355.18 Mil) to Apr. 2024 (円6,586.21 Mil) and increased from Apr. 2024 (円6,586.21 Mil) to Oct. 2024 (円11,661.99 Mil).

Good Com Asset Co's annual cash and cash equivalents declined from Oct. 2022 (円11,676.78 Mil) to Oct. 2023 (円8,060.98 Mil) but then increased from Oct. 2023 (円8,060.98 Mil) to Oct. 2024 (円11,661.99 Mil).

Good Com Asset Co Cash And Cash Equivalents Historical Data

The historical data trend for Good Com Asset Co'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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Good Com Asset Co Cash And Cash Equivalents Chart

Good Com Asset Co Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash And Cash Equivalents

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6,598.35

7,973.54

11,676.78

8,060.98

11,661.99

Good Com Asset Co Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial															9,068.21	8,060.98	4,355.18	6,586.21	11,661.99

Good Com Asset Co 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.

Good Com Asset Co (TSE:3475) 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.

Good Com Asset Co Cash And Cash Equivalents Related Terms

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Good Com Asset Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Good Com Asset Co Ltd (TSE:3475) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

3475:Japan

Address

7-20-1, Nishishinjuku, 17th Floor, Sumitomo Fudosan Nishi-Shinjuku Building, Shinjuku-ku, Tokyo, JPN, 160-0023

Website

https://www.goodcomasset.co.jp

Good Com Asset Co Ltd is a Japan-based company mainly engaged in planning, development, sale and management of newly built apartments. It primarily engages in planning, developing, managing, and selling mansions primarily in Japan. It is also providing rent management and real estate consultancy services, as well as property and casualty insurance products.

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