Magnit PJSC (MIC:MGNT) Cash, Cash Equivalents, Marketable Securities : ₽299,454 Mil (As of Jun. 2023)

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What is Magnit PJSC Cash, Cash Equivalents, Marketable Securities?

Magnit PJSC's quarterly cash, cash equivalents, marketable securities increased from Jun. 2022 (₽108,822.04 Mil) to Dec. 2022 (₽314,912.12 Mil) but then stayed the same from Dec. 2022 (₽314,912.12 Mil) to Jun. 2023 (₽299,454.17 Mil).

Magnit PJSC's annual cash, cash equivalents, marketable securities increased from Dec. 2020 (₽45,017.25 Mil) to Dec. 2021 (₽73,398.61 Mil) and increased from Dec. 2021 (₽73,398.61 Mil) to Dec. 2022 (₽314,912.12 Mil).

Magnit PJSC Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Magnit PJSC'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.

* Premium members only.

Magnit PJSC Cash, Cash Equivalents, Marketable Securities Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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17,696.75

9,455.00

45,017.25

73,398.61

314,912.12

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															129,694.61	73,398.61	108,822.04	314,912.12	299,454.17

Magnit PJSC 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.

Magnit PJSC (MIC:MGNT) 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.

Magnit PJSC Cash, Cash Equivalents, Marketable Securities Related Terms

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Magnit PJSC (MIC:MGNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (MIC:MGNT) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.