TONE Co (TSE:5967) Cash And Cash Equivalents : 円876 Mil (As of Feb. 2024)

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What is TONE Co Cash And Cash Equivalents?

TONE Co's quarterly cash and cash equivalents declined from Aug. 2023 (円1,259.47 Mil) to Nov. 2023 (円1,010.59 Mil) but then stayed the same from Nov. 2023 (円1,010.59 Mil) to Feb. 2024 (円875.98 Mil).

TONE Co's annual cash and cash equivalents declined from May. 2021 (円2,374.70 Mil) to May. 2022 (円1,698.22 Mil) but then increased from May. 2022 (円1,698.22 Mil) to May. 2023 (円1,839.59 Mil).

TONE Co Cash And Cash Equivalents Historical Data

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

TONE Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash And Cash Equivalents

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909.20

896.85

2,374.70

1,698.22

1,839.59

TONE Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,773.87	1,839.59	1,259.47	1,010.59	875.98

TONE 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.

TONE Co (TSE:5967) 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.

TONE Co Cash And Cash Equivalents Related Terms

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TONE Co (TSE:5967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TONE Co Ltd (TSE:5967) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

1-57, Minatomachi 2-Chome, Naniwa-Ku, Osaka, JPN, 556-0017

Website

http://www.tonetool.co.jp

TONE Co Ltd is engaged in the manufacture of work tool for the professional automotive machine direction, and industrial construction and civil engineering development, manufacturing and sales of power tools and torque management devices.

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