Dollex Agrotech (NSE:DOLLEX) Cash, Cash Equivalents, Marketable Securities : ₹14 Mil (As of Sep. 2023)

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What is Dollex Agrotech Cash, Cash Equivalents, Marketable Securities?

Dollex Agrotech's quarterly cash, cash equivalents, marketable securities increased from Sep. 2022 (₹0.00 Mil) to Mar. 2023 (₹8.06 Mil) and increased from Mar. 2023 (₹8.06 Mil) to Sep. 2023 (₹13.69 Mil).

Dollex Agrotech's annual cash, cash equivalents, marketable securities increased from Mar. 2021 (₹26.54 Mil) to Mar. 2022 (₹56.60 Mil) but then declined from Mar. 2022 (₹56.60 Mil) to Mar. 2023 (₹8.06 Mil).

Dollex Agrotech Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Dollex Agrotech'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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Dollex Agrotech Cash, Cash Equivalents, Marketable Securities Chart

Dollex Agrotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

-14.83

26.54

56.60

8.06

Dollex Agrotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			26.54	56.60	-	8.06	13.69

Dollex Agrotech 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.

Dollex Agrotech (NSE:DOLLEX) 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.

Dollex Agrotech Cash, Cash Equivalents, Marketable Securities Related Terms

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Dollex Agrotech (NSE:DOLLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001

Website

https://www.dollex.in

Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

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