Meiji Holdings Co (Meiji Holdings Co) Cash And Cash Equivalents : $713 Mil (As of Mar. 2024)

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What is Meiji Holdings Co Cash And Cash Equivalents?

Meiji Holdings Co's quarterly cash and cash equivalents increased from Sep. 2023 ($555.06 Mil) to Dec. 2023 ($640.85 Mil) and increased from Dec. 2023 ($640.85 Mil) to Mar. 2024 ($713.25 Mil).

Meiji Holdings Co's annual cash and cash equivalents declined from Mar. 2022 ($568.48 Mil) to Mar. 2023 ($475.21 Mil) but then increased from Mar. 2023 ($475.21 Mil) to Mar. 2024 ($713.25 Mil).

Meiji Holdings Co Cash And Cash Equivalents Historical Data

The historical data trend for Meiji Holdings Co'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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Meiji Holdings Co Cash And Cash Equivalents Chart

Meiji Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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347.79

371.01

568.48

475.21

713.25

Meiji Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															475.21	594.70	555.06	640.85	713.25

Meiji Holdings Co 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.

Meiji Holdings Co (OTCPK:MEJHY) 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.

Meiji Holdings Co Cash And Cash Equivalents Related Terms

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Meiji Holdings Co (Meiji Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meiji Holdings Co Ltd (OTCPK:MEJHY) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

2269:Japan

Address

4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.meiji.com

Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (Meiji Holdings Co) Headlines

From GuruFocus

Bernard Horn Comments on MEIJI Holdings Co Ltd

By Vera Yuan Vera Yuan • 03-16-2015

Bernard Horn Sells Stake in Japanese Confectionary Company

By David Goodloe David Goodloe • 09-22-2015

Meiji Holdings Co Stock Appears To Be Modestly Undervalued

By GF Value GF Value • 05-03-2021

Bernard Horn Comments on MEIJI Holdings

By Vera Yuan Vera Yuan • 10-30-2014