Torrent Power (NSE:TORNTPOWER) Cash And Cash Equivalents : ₹0 Mil (As of Jun. 2024)

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What is Torrent Power Cash And Cash Equivalents?

Torrent Power's quarterly cash and cash equivalents increased from Dec. 2023 (₹0.00 Mil) to Mar. 2024 (₹3,508.30 Mil) but then stayed the same from Mar. 2024 (₹3,508.30 Mil) to Jun. 2024 (₹0.00 Mil).

Torrent Power's annual cash and cash equivalents declined from Mar. 2022 (₹2,894.10 Mil) to Mar. 2023 (₹1,882.30 Mil) but then increased from Mar. 2023 (₹1,882.30 Mil) to Mar. 2024 (₹3,508.30 Mil).

Torrent Power Cash And Cash Equivalents Historical Data

The historical data trend for Torrent Power'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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Torrent Power Cash And Cash Equivalents Chart

Torrent Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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911.60

1,072.80

2,894.10

1,882.30

3,508.30

Torrent Power Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	3,702.80	-	3,508.30	-

Torrent Power 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.

Torrent Power (NSE:TORNTPOWER) 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.

Torrent Power Cash And Cash Equivalents Related Terms

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Torrent Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Torrent Power Ltd (NSE:TORNTPOWER) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

532779:India

Address

Samanvay, 600, Tapovan, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

https://www.torrentpower.com

Torrent Power Ltd is an Indian utility company engaged in the business of power generation, transmission, and distribution. Both by itself and through its subsidiaries, Torrent Power operates a portfolio of gas, combined cycle, coal, wind, and solar power plants. The company's gas-fired facilities constitute a majority of its energy-producing capacity. Torrent Power generates the vast majority of its revenue from the supply of power generated by its facilities and transmitted through its power grids to areas of Western and Northern India. Its sales are fairly evenly divided among residential, commercial, low-tension, and high-tension consumers. The low-tension customer class would include smaller manufacturing units, while high-tension would be composed of heavier industrial entities.

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