NEXTAGE Co (TSE:3186) Cash And Cash Equivalents : 円37,942 Mil (As of Feb. 2024)

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What is NEXTAGE Co Cash And Cash Equivalents?

NEXTAGE Co's quarterly cash and cash equivalents increased from Aug. 2023 (円22,429.00 Mil) to Nov. 2023 (円29,630.00 Mil) and increased from Nov. 2023 (円29,630.00 Mil) to Feb. 2024 (円37,942.00 Mil).

NEXTAGE Co's annual cash and cash equivalents declined from Nov. 2021 (円22,748.00 Mil) to Nov. 2022 (円19,845.00 Mil) but then increased from Nov. 2022 (円19,845.00 Mil) to Nov. 2023 (円29,630.00 Mil).

NEXTAGE Co Cash And Cash Equivalents Historical Data

The historical data trend for NEXTAGE 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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NEXTAGE Co Cash And Cash Equivalents Chart

NEXTAGE Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash And Cash Equivalents

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11,060.00

27,443.00

22,748.00

19,845.00

29,630.00

NEXTAGE Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															18,824.00	28,038.00	22,429.00	29,630.00	37,942.00

NEXTAGE 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.

NEXTAGE Co (TSE:3186) 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.

NEXTAGE Co Cash And Cash Equivalents Related Terms

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NEXTAGE Co (TSE:3186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NEXTAGE Co Ltd (TSE:3186) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

3186:Japan

Address

1-26-8 Aoi Higashi-ku, Aichi Prefecture, Nagoya, JPN, 461-0004

Website

http://www.nextage.jp

NEXTAGE Co Ltd is principally engaged in the dealing of used cars. It is primarily involved in operation, maintenance, insurance agency and automobile dealing of retails used domestic cars as well as sells imported cars and SUV/vans. In addition, the company operates an automobile maintenance business.

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