Australian Premium Solar (India) (NSE:APS) Cash, Cash Equivalents, Marketable Securities : ₹21.9 Mil (As of Mar. 2023)

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What is Australian Premium Solar (India) Cash, Cash Equivalents, Marketable Securities?

Australian Premium Solar (India)'s quarterly cash, cash equivalents, marketable securities increased from Mar. 2021 (₹20.69 Mil) to Mar. 2022 (₹35.79 Mil) but then stayed the same from Mar. 2022 (₹35.79 Mil) to Mar. 2023 (₹21.89 Mil).

Australian Premium Solar (India)'s annual cash, cash equivalents, marketable securities increased from Mar. 2021 (₹20.69 Mil) to Mar. 2022 (₹35.79 Mil) but then declined from Mar. 2022 (₹35.79 Mil) to Mar. 2023 (₹21.89 Mil).

Australian Premium Solar (India) Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Australian Premium Solar (India)'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.

Australian Premium Solar (India) Cash, Cash Equivalents, Marketable Securities Chart

Australian Premium Solar (India) Annual Data

Trend

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

20.69

35.79

21.89

Australian Premium Solar (India) Semi-Annual Data
	Mar21	Mar22	Mar23
Cash, Cash Equivalents, Marketable Securities	20.69	35.79	21.89

Australian Premium Solar (India) 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.

Australian Premium Solar (India) (NSE:APS) 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.

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Australian Premium Solar (India) (NSE:APS) Business Description

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Australian Premium Solar (India) Ltd is engaged in the manufacturing of Solar Panels and EPC Services of solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. It also provide installation services for solar panels and solar pumps. Majority of the revenue is generated from manufacturing of solar panels.

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