Novac Co (TSE:5079) Cash And Cash Equivalents : 円2,441 Mil (As of Oct. 2024)

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What is Novac Co Cash And Cash Equivalents?

Novac Co's quarterly cash and cash equivalents increased from Jan. 2024 (円3,086.86 Mil) to Apr. 2024 (円5,522.84 Mil) but then stayed the same from Apr. 2024 (円5,522.84 Mil) to Oct. 2024 (円2,440.80 Mil).

Novac Co's annual cash and cash equivalents increased from Apr. 2022 (円11,857.75 Mil) to Apr. 2023 (円14,497.03 Mil) but then declined from Apr. 2023 (円14,497.03 Mil) to Apr. 2024 (円5,522.84 Mil).

Novac Co Cash And Cash Equivalents Historical Data

The historical data trend for Novac 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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Novac Co Cash And Cash Equivalents Chart

Novac Co Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

Cash And Cash Equivalents

3,569.84

9,122.34

11,857.75

14,497.03

5,522.84

Novac Co Quarterly Data
	Apr20	Apr21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
Cash And Cash Equivalents	Get a 7-Day Free Trial									6,342.51	6,935.28	3,086.86	5,522.84	2,440.80

Novac 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.

Novac Co (TSE:5079) 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.

Novac Co Cash And Cash Equivalents Related Terms

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Novac Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Novac Co Ltd (TSE:5079) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-92 Hojo, Hyogo Prefecture, Himeji, JPN, 670-0947

Website

https://www.novac-cnst.co.jp

Novac Co Ltd is engaged in the civil engineering, building construction and other related activities.

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