Jio Financial Services (BOM:543940) Cash And Cash Equivalents : ₹0 Mil (As of Dec. 2023)

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What is Jio Financial Services Cash And Cash Equivalents?

Jio Financial Services's quarterly cash and cash equivalents increased from Mar. 2023 (₹632.30 Mil) to Sep. 2023 (₹632.90 Mil) but then stayed the same from Sep. 2023 (₹632.90 Mil) to Dec. 2023 (₹0.00 Mil).

Jio Financial Services's annual cash and cash equivalents increased from Mar. 2021 (₹0.04 Mil) to Mar. 2022 (₹0.05 Mil) and increased from Mar. 2022 (₹0.05 Mil) to Mar. 2023 (₹632.30 Mil).

Jio Financial Services Cash And Cash Equivalents Historical Data

The historical data trend for Jio Financial Services's Cash And Cash Equivalents 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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Jio Financial Services Cash And Cash Equivalents Chart

Jio Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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0.11

0.05

0.04

0.05

632.30

Jio Financial Services Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial				0.04	0.05	632.30	632.90	-

Jio Financial Services Cash And Cash Equivalents 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.

Jio Financial Services (BOM:543940) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Jio Financial Services Cash And Cash Equivalents Related Terms

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Jio Financial Services (BOM:543940) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Jio Financial Services Ltd (BOM:543940) » Definitions » Cash And Cash Equivalents

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JIOFIN:India

Address

222 Nariman Point, 9th Floor, Maker Chambers 4, Mumbai, MH, IND, 400021

Website

https://www.jfs.in

Jio Financial Services Ltd operates as an investment company. The Company is a registered Non-Banking Financial Company - Systemically Important Non-Deposit taking Company. The company is engaged in the business of finance, trading in futures and options, trading/investments in shares and securities in India.

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