Magenta Lifecare (BOM:544188) Cash, Cash Equivalents, Marketable Securities : ₹23.29 Mil (As of Sep. 2024)

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What is Magenta Lifecare Cash, Cash Equivalents, Marketable Securities?

Magenta Lifecare's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 (₹3.42 Mil) to Sep. 2023 (₹0.00 Mil) but then increased from Sep. 2023 (₹0.00 Mil) to Sep. 2024 (₹23.29 Mil).

Magenta Lifecare's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (₹2.69 Mil) to Mar. 2022 (₹3.37 Mil) and increased from Mar. 2022 (₹3.37 Mil) to Mar. 2023 (₹3.42 Mil).

Magenta Lifecare Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Magenta Lifecare'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.

Magenta Lifecare Cash, Cash Equivalents, Marketable Securities Chart

Magenta Lifecare Annual Data

Trend

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

2.69

3.37

3.42

Magenta Lifecare Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Cash, Cash Equivalents, Marketable Securities	2.69	3.37	3.42	-	23.29

Magenta Lifecare 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.

Magenta Lifecare (BOM:544188) 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.

Magenta Lifecare Cash, Cash Equivalents, Marketable Securities Related Terms

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Magenta Lifecare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Magenta Lifecare Ltd (BOM:544188) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

N P Patel Estate, A & T Padamla, Vadodara, GJ, IND, 391350

Website

https://www.magentamattresses.com

Magenta Lifecare Ltd is a manufacturer of sales, and services of foam-based products such as mattresses and pillows which are marketed under the brand Magenta in India. It offers products such as memory foam, latex-based, bonded mattresses, pocketed springs, and pillows such as memory foam pillows, molded memory foam pillows, molded contour foam pillows, etc.

Magenta Lifecare Headlines

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