TOKAI (TSE:9729) Cash And Cash Equivalents : 円26,800 Mil (As of Sep. 2024)

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What is TOKAI Cash And Cash Equivalents?

TOKAI's quarterly cash and cash equivalents declined from Mar. 2024 (円30,985.00 Mil) to Jun. 2024 (円0.00 Mil) but then increased from Jun. 2024 (円0.00 Mil) to Sep. 2024 (円26,800.00 Mil).

TOKAI's annual cash and cash equivalents increased from Mar. 2022 (円35,794.00 Mil) to Mar. 2023 (円36,070.00 Mil) but then declined from Mar. 2023 (円36,070.00 Mil) to Mar. 2024 (円30,985.00 Mil).

TOKAI Cash And Cash Equivalents Historical Data

The historical data trend for TOKAI'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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TOKAI Cash And Cash Equivalents Chart

TOKAI Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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32,202.00

35,148.00

35,794.00

36,070.00

30,985.00

TOKAI Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															29,612.00	30,985.00	-	26,800.00	24,514.00

TOKAI 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.

TOKAI (TSE:9729) 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.

TOKAI Cash And Cash Equivalents Related Terms

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TOKAI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » TOKAI Corp (TSE:9729) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-16 Wakamiya-cho, Gifu-shi, JPN, 500-8828

Website

http://www.tokai-corp.com

TOKAI Corp is a Japan-based company which is involved in rental and leasing business. The firm is primarily engaged in supplying beddings for hospitals, clinics, and care facilities, as well as hotels and resort facilities, on a rental or contract basis. Its have business segments include The Healthy Life Services segment rents beddings and nursing care products, provides food service, and manufactures and sells cleaning machinery, The Dispensing Services segment operates pharmacies for dispensing service in front of general hospitals, The Environmental Services segment is engaged in the rental and sale of environmental products, and The Building Cleaning and Management services mainly for medical institutions and nursing care facilities.

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