Earthstahl & Alloys (BOM:543765) Cash, Cash Equivalents, Marketable Securities : ₹0.7 Mil (As of Sep. 2024)

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What is Earthstahl & Alloys Cash, Cash Equivalents, Marketable Securities?

Earthstahl & Alloys's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (₹55.61 Mil) to Mar. 2024 (₹10.32 Mil) but then stayed the same from Mar. 2024 (₹10.32 Mil) to Sep. 2024 (₹0.73 Mil).

Earthstahl & Alloys's annual cash, cash equivalents, marketable securities increased from Mar. 2022 (₹1.42 Mil) to Mar. 2023 (₹71.26 Mil) but then declined from Mar. 2023 (₹71.26 Mil) to Mar. 2024 (₹10.32 Mil).

Earthstahl & Alloys Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Earthstahl & Alloys'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.

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Earthstahl & Alloys Cash, Cash Equivalents, Marketable Securities Chart

Earthstahl & Alloys Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash, Cash Equivalents, Marketable Securities

0.09

6.69

1.42

71.26

10.32

Earthstahl & Alloys Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.51	71.26	55.61	10.32	0.73

Earthstahl & Alloys 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.

Earthstahl & Alloys (BOM:543765) 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.

Earthstahl & Alloys Cash, Cash Equivalents, Marketable Securities Related Terms

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Earthstahl & Alloys Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Earthstahl & Alloys Ltd (BOM:543765) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

5B, Mohani Merlin Jayshree Vihar, PandraiTarai, Mandi Gate, Raipur, CT, IND, 492001

Website

https://www.earthstahl.com

Earthstahl & Alloys Ltd principal business is the production of Cast Iron Lumps. In addition, it is also engaged in the production of high-end ductile iron, cast iron, steel, alloys, and nonferrous castings. The company produces various parts of pellet plants, cement plants, sponge iron plants, power plants, Sinter plants, automobiles, railways, Mining, Engineering items, pipes and fittings, Agriculture Equipment, and others. The company operates in two segments namely Submerged Arc Furnace and Foundry. It derives the majority of its revenue from the Submerged Arc Furnace segment.

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