Sunlite Recycling Industries (NSE:SUNLITE) Cash, Cash Equivalents, Marketable Securities : ₹31 Mil (As of Sep. 2024)

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What is Sunlite Recycling Industries Cash, Cash Equivalents, Marketable Securities?

Sunlite Recycling Industries's quarterly cash, cash equivalents, marketable securities declined from Dec. 2023 (₹100.69 Mil) to Mar. 2024 (₹0.73 Mil) but then increased from Mar. 2024 (₹0.73 Mil) to Sep. 2024 (₹30.66 Mil).

Sunlite Recycling Industries's annual cash, cash equivalents, marketable securities increased from Mar. 2022 (₹0.48 Mil) to Mar. 2023 (₹20.32 Mil) but then declined from Mar. 2023 (₹20.32 Mil) to Mar. 2024 (₹0.73 Mil).

Sunlite Recycling Industries Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Sunlite Recycling Industries'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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Sunlite Recycling Industries Cash, Cash Equivalents, Marketable Securities Chart

Sunlite Recycling Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Cash, Cash Equivalents, Marketable Securities

38.08

0.48

20.32

0.73

Sunlite Recycling Industries Quarterly Data
	Mar21	Mar22	Mar23	Dec23	Mar24	Sep24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			0.48	20.32	100.69	0.73	30.66

Sunlite Recycling Industries 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.

Sunlite Recycling Industries (NSE:SUNLITE) 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.

Sunlite Recycling Industries Cash, Cash Equivalents, Marketable Securities Related Terms

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Sunlite Recycling Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunlite Recycling Industries Ltd (NSE:SUNLITE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda, GJ, IND, 387350

Website

https://www.sunliteindustries.com

Sunlite Recycling Industries Ltd is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide company with the copper scrap and the company converts the copper scrap into copper wire and copper wire rod as per customer's requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.

Sunlite Recycling Industries Headlines

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