Jerash Holdings (US) (Jerash Holdings (US)) Cash, Cash Equivalents, Marketable Securities : $19.6 Mil (As of Dec. 2023)

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What is Jerash Holdings (US) Cash, Cash Equivalents, Marketable Securities?

Jerash Holdings (US)'s quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($18.46 Mil) to Sep. 2023 ($21.20 Mil) but then stayed the same from Sep. 2023 ($21.20 Mil) to Dec. 2023 ($19.62 Mil).

Jerash Holdings (US)'s annual cash, cash equivalents, marketable securities increased from Mar. 2021 ($21.13 Mil) to Mar. 2022 ($25.68 Mil) but then declined from Mar. 2022 ($25.68 Mil) to Mar. 2023 ($17.80 Mil).

Jerash Holdings (US) Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Jerash Holdings (US)'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.

Jerash Holdings (US) Cash, Cash Equivalents, Marketable Securities Chart

Jerash Holdings (US) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

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27.18

26.13

21.13

25.68

17.80

Jerash Holdings (US) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															24.63	17.80	18.46	21.20	19.62

Jerash Holdings (US) 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.

Jerash Holdings (US) (NAS:JRSH) 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.

Jerash Holdings (US) Cash, Cash Equivalents, Marketable Securities Related Terms

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Jerash Holdings (US) (Jerash Holdings (US)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jerash Holdings (US) Inc (NAS:JRSH) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

277 Fairfield Road, Suite 338, Fairfield, NJ, USA, 07004

Website

https://www.jerashholdings.com

Jerash Holdings (US) Inc along with its subsidiaries is a manufacturer and exporter of customized, ready-made sport and outerwear from knitted fabric from its production facilities in Jordan. The company manufactures for retailers namely Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation, and Philip-Van Heusen which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, Calvin Klein, Tommy Hilfiger, IZOD, Speedo etc. It derives its revenue from the manufacturing and sales of outerwear in the United States. The company's product offering consists of jackets, polo shirts, crew neck shirts, pants and shorts made from knitted fabric.

Executives

Chi Yan Mak	director	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Kian Tjiauw Lee	10 percent owner	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Lin Hung Choi	director, 10 percent owner, officer: Chairman/CEO/Pres./Treasurer	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Yang Wei	director, officer: Vice President and Secretary	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Tsze Lun Ng	10 percent owner	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Bill Korn	director	61 DARREN DRIVE, BASKING RIDGE NJ 07920
Ibrahim H. Saif	director	1 ZOHD STREET, RAWABI PROVINCE SWEIFIEH, AMMAN M2 11185
Gilbert K. Lee	officer: Chief Financial Officer	260 EAST MAIN STREET, SUITE 2706, ROCHESTER NY 14604
Gary J. Haseley	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Karl Brenza	officer: Head of U.S. Operations	26 CHERRY STREET, KATONAH NY 10536
Richard J. Shaw	officer: Chief Financial Officer	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Sean Socha	director	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001