Global Pet Industries (NSE:GLOBALPET) Cash, Cash Equivalents, Marketable Securities : ₹111.6 Mil (As of Mar. 2024)

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What is Global Pet Industries Cash, Cash Equivalents, Marketable Securities?

Global Pet Industries's quarterly cash, cash equivalents, marketable securities declined from Mar. 2022 (₹62.23 Mil) to Mar. 2023 (₹44.55 Mil) but then increased from Mar. 2023 (₹44.55 Mil) to Mar. 2024 (₹111.64 Mil).

Global Pet Industries's annual cash, cash equivalents, marketable securities declined from Mar. 2022 (₹62.23 Mil) to Mar. 2023 (₹44.55 Mil) but then increased from Mar. 2023 (₹44.55 Mil) to Mar. 2024 (₹111.64 Mil).

Global Pet Industries Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Global Pet Industries'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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Global Pet Industries Cash, Cash Equivalents, Marketable Securities Chart

Global Pet Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Cash, Cash Equivalents, Marketable Securities

44.04

59.01

62.23

44.55

111.64

Global Pet Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Cash, Cash Equivalents, Marketable Securities	44.04	59.01	62.23	44.55	111.64

Global Pet Industries 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.

Global Pet Industries (NSE:GLOBALPET) 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.

Global Pet Industries Cash, Cash Equivalents, Marketable Securities Related Terms

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Global Pet Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Global Pet Industries Ltd (NSE:GLOBALPET) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit Nos. 8 to 15, 108 & 109, Karishma Industrial Estate, Survey No. 36, Hissa No. 5, Village Waliv, Dhumal Nagar, Near Rashmi Bungalow, Vasai East, Palghar, Vasai, MH, IND, 401208

Website

https://www.globalpetind.com

Global Pet Industries Ltd is engaged in manufacturing of PET Stretch Blow Moulding Machine which is used for manufacturing of machines which is suitable in the business segment of Pet stretch below moulding solutions from 50ml to 20 Litres of PET bottles such as fridge bottles, packaged drinking mineral water bottles, carbonated soft drinks bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic products bottles, confectionery jars, Pharma bottles, liquor & distilleries bottles, pesticides bottles, etc. Apart from manufacturing of PET Stretch Blow Moulding Machine, the company also provides after-sales services such as providing spares, components, accessories and providing repairs and maintenance of the machines after delivery.

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