EKI Energy Services (BOM:543284) Cash, Cash Equivalents, Marketable Securities : ₹782 Mil (As of Mar. 2024)

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What is EKI Energy Services Cash, Cash Equivalents, Marketable Securities?

EKI Energy Services's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (₹1,247.64 Mil) to Dec. 2023 (₹0.00 Mil) but then increased from Dec. 2023 (₹0.00 Mil) to Mar. 2024 (₹782.29 Mil).

EKI Energy Services's annual cash, cash equivalents, marketable securities increased from Mar. 2022 (₹357.26 Mil) to Mar. 2023 (₹1,558.04 Mil) but then declined from Mar. 2023 (₹1,558.04 Mil) to Mar. 2024 (₹782.29 Mil).

EKI Energy Services Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for EKI Energy Services's Cash, Cash Equivalents, Marketable Securities 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.

* Premium members only.

EKI Energy Services Cash, Cash Equivalents, Marketable Securities Chart

EKI Energy Services Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash, Cash Equivalents, Marketable Securities

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19.20

159.34

357.26

1,558.04

782.29

EKI Energy Services Quarterly Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial												1,558.04	-	1,247.64	-	782.29

EKI Energy Services Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

EKI Energy Services (BOM:543284) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

EKI Energy Services Cash, Cash Equivalents, Marketable Securities Related Terms

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EKI Energy Services (BOM:543284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » EKI Energy Services Ltd (BOM:543284) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

903, B-1 9th Floor, NRK Business Park, Scheme 54 PU4, Indore, MP, IND, 452010

Website

https://www.enkingint.org

EKI Energy Services Ltd is engaged in the business of carbon credits trading, Business excellence advisory services and training services, and Electrical Safety Audits. The company offer services to various clients in the government and private sectors like power generation, waste management, clean development mechanism, airports and many more industries. The company has two reportable segments which are Trading & Other Segment: where the carbon credits are purchased from various vendors and are sold to customers as well as manufacturing and allied activities are undertaken and Generation Segment: where the carbon credits are issued from the projects implemented, developed and owned by the company.

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