Flour Mills Nigeria (NSA:FMNL) Cash And Cash Equivalents : ₦97,702 Mil (As of Mar. 2023)

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What is Flour Mills Nigeria Cash And Cash Equivalents?

Flour Mills Nigeria's quarterly cash and cash equivalents declined from Mar. 2021 (₦37,163.34 Mil) to Mar. 2022 (₦31,621.42 Mil) but then increased from Mar. 2022 (₦31,621.42 Mil) to Mar. 2023 (₦97,702.03 Mil).

Flour Mills Nigeria's annual cash and cash equivalents declined from Mar. 2021 (₦37,163.34 Mil) to Mar. 2022 (₦31,621.42 Mil) but then increased from Mar. 2022 (₦31,621.42 Mil) to Mar. 2023 (₦97,702.03 Mil).

Flour Mills Nigeria Cash And Cash Equivalents Historical Data

The historical data trend for Flour Mills Nigeria'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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Flour Mills Nigeria Cash And Cash Equivalents Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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17,205.55

26,210.97

37,163.34

31,621.42

97,702.03

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Cash And Cash Equivalents	Get a 7-Day Free Trial								17,205.55	26,210.97	37,163.34	31,621.42	97,702.03

Flour Mills Nigeria 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.

Flour Mills Nigeria (NSA:FMNL) 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.

Flour Mills Nigeria Cash And Cash Equivalents Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

Flour Mills Nigeria (NSA:FMNL) Headlines

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