Paragon Fine and Speciality Chemical (NSE:PARAGON) Cash, Cash Equivalents, Marketable Securities : ₹13 Mil (As of Mar. 2023)

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What is Paragon Fine and Speciality Chemical Cash, Cash Equivalents, Marketable Securities?

Paragon Fine and Speciality Chemical's quarterly cash, cash equivalents, marketable securities declined from Mar. 2021 (₹13.24 Mil) to Mar. 2022 (₹6.04 Mil) but then increased from Mar. 2022 (₹6.04 Mil) to Mar. 2023 (₹12.89 Mil).

Paragon Fine and Speciality Chemical's annual cash, cash equivalents, marketable securities declined from Mar. 2021 (₹13.24 Mil) to Mar. 2022 (₹6.04 Mil) but then increased from Mar. 2022 (₹6.04 Mil) to Mar. 2023 (₹12.89 Mil).

Paragon Fine and Speciality Chemical Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Paragon Fine and Speciality Chemical'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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Paragon Fine and Speciality Chemical Cash, Cash Equivalents, Marketable Securities Chart

Paragon Fine and Speciality Chemical Annual Data

Trend

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

13.24

6.04

12.89

Paragon Fine and Speciality Chemical Semi-Annual Data
	Mar21	Mar22	Mar23
Cash, Cash Equivalents, Marketable Securities	13.24	6.04	12.89

Paragon Fine and Speciality Chemical 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.

Paragon Fine and Speciality Chemical (NSE:PARAGON) 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.

Paragon Fine and Speciality Chemical Cash, Cash Equivalents, Marketable Securities Related Terms

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Paragon Fine and Speciality Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Paragon Fine and Speciality Chemical Ltd (NSE:PARAGON) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

N/A

Address

S.G. Highway, 1001/1, Parshwa Tower, Near Pakvan Hotel, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.paragonind.com

Paragon Fine and Speciality Chemical Ltd is engaged in the business of custom synthesis and manufacturing of specialty chemical intermediates involving complex and differentiated chemistry. Its diverse range of products finds applications across various industries, including pharma, agrochemicals, cosmetics, pigments and dyes.

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