Shri Techtex (NSE:SHRITECH) Cash, Cash Equivalents, Marketable Securities : ₹9.5 Mil (As of Mar. 2023)

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What is Shri Techtex Cash, Cash Equivalents, Marketable Securities?

Shri Techtex's quarterly cash, cash equivalents, marketable securities declined from Mar. 2021 (₹6.92 Mil) to Mar. 2022 (₹4.01 Mil) but then increased from Mar. 2022 (₹4.01 Mil) to Mar. 2023 (₹9.52 Mil).

Shri Techtex's annual cash, cash equivalents, marketable securities declined from Mar. 2021 (₹6.92 Mil) to Mar. 2022 (₹4.01 Mil) but then increased from Mar. 2022 (₹4.01 Mil) to Mar. 2023 (₹9.52 Mil).

Shri Techtex Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Shri Techtex'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.

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Shri Techtex Cash, Cash Equivalents, Marketable Securities Chart

Shri Techtex Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash, Cash Equivalents, Marketable Securities

4.28

6.92

4.01

9.52

Shri Techtex Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Cash, Cash Equivalents, Marketable Securities	4.28	6.92	4.01	9.52

Shri Techtex 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.

Shri Techtex (NSE:SHRITECH) 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.

Shri Techtex Cash, Cash Equivalents, Marketable Securities Related Terms

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Shri Techtex (NSE:SHRITECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shri Techtex Ltd (NSE:SHRITECH) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co-Operative Housing Society Ltd., Opposite Nabard, Near Usmanpura Garden, Ahmedabad, GJ, IND, 380014

Website

https://www.shritechtex.com

Shri Techtex Ltd is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.

Shri Techtex (NSE:SHRITECH) Headlines

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