Neturen Co (TSE:5976) Cash And Cash Equivalents : 円13,334 Mil (As of Sep. 2024)

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What is Neturen Co Cash And Cash Equivalents?

Neturen Co's quarterly cash and cash equivalents increased from Dec. 2023 (円14,971.00 Mil) to Mar. 2024 (円15,904.00 Mil) but then stayed the same from Mar. 2024 (円15,904.00 Mil) to Sep. 2024 (円13,334.00 Mil).

Neturen Co's annual cash and cash equivalents declined from Mar. 2022 (円19,213.00 Mil) to Mar. 2023 (円18,320.00 Mil) and declined from Mar. 2023 (円18,320.00 Mil) to Mar. 2024 (円15,904.00 Mil).

Neturen Co Cash And Cash Equivalents Historical Data

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

Neturen Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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13,737.00

14,675.00

19,213.00

18,320.00

15,904.00

Neturen Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															15,689.00	15,956.00	14,971.00	15,904.00	13,334.00

Neturen 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.

Neturen Co (TSE:5976) 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.

Neturen Co Cash And Cash Equivalents Related Terms

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Neturen Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Neturen Co Ltd (TSE:5976) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oval Court Ohsaki Mark West, 2-17-1 Higashi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-8639

Website

http://www.k-neturen.co.jp

Neturen Co Ltd is a steel and steel products manufacturing company. It manufactures and sells prestressing and deformed steel bars for prestressed concrete used in civil engineering and construction field; Induction Heated, Quenched and Tempered Wire used in suspension springs for auto parts and construction machine parts; and induction heating equipment for various industries. The company's segments consist of Specialty Steel and Wire Products Division and Induction Heat Treatment Service and Heating Machine Division. The majority of the revenue is derived from the manufacturing and sale of prestressing steel bars and shear reinforcement bars.

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