MTN Nigeria Communications (NSA:MTNN) Cash, Cash Equivalents, Marketable Securities : ₦254,128 Mil (As of Mar. 2024)

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What is MTN Nigeria Communications Cash, Cash Equivalents, Marketable Securities?

MTN Nigeria Communications's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 (₦256,855.00 Mil) to Dec. 2023 (₦352,330.00 Mil) but then stayed the same from Dec. 2023 (₦352,330.00 Mil) to Mar. 2024 (₦254,128.00 Mil).

MTN Nigeria Communications's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (₦318,555.00 Mil) to Dec. 2022 (₦369,788.00 Mil) but then declined from Dec. 2022 (₦369,788.00 Mil) to Dec. 2023 (₦352,330.00 Mil).

MTN Nigeria Communications Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for MTN Nigeria Communications'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.

MTN Nigeria Communications Cash, Cash Equivalents, Marketable Securities Chart

MTN Nigeria Communications Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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171,105.00

421,981.00

318,555.00

369,788.00

352,330.00

MTN Nigeria Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															609,953.00	536,245.00	256,855.00	352,330.00	254,128.00

MTN Nigeria Communications 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.

MTN Nigeria Communications (NSA:MTNN) 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.

MTN Nigeria Communications Cash, Cash Equivalents, Marketable Securities Related Terms

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MTN Nigeria Communications (NSA:MTNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » MTN Nigeria Communications PLC (NSA:MTNN) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

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Address

4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA

Website

https://www.mtnonline.com

MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, high-quality telecommunications services, and mobile financial services in Nigeria. The group operates in three reportable segments, namely, Consumer Business Unit (CBU) which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value and Mass segments, Enterprise Business Unit (EBU) consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU) serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.

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