Thanks, now I understand that cash on balance sheet is just one part of the free cash flow and reflects the capital allocation philosophy of the management. I learned that Microsoft keeps a cash that can keep them running for one year without any income. This is like an emergency fund.
How do you find the cash on balance sheet? I am looking at Cash + Cash Equivalents and that is Rs. 690 Cr. If I compare it with their net annual profit of Rs. 6000 Cr, it’s a small amount. Am I missing something here?
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