Eni SpA (Eni SpA) Cash, Cash Equivalents, Marketable Securities : $18,242 Mil (As of Mar. 2024)

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What is Eni SpA Cash, Cash Equivalents, Marketable Securities?

Eni SpA's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($19,748.13 Mil) to Dec. 2023 ($17,735.01 Mil) but then increased from Dec. 2023 ($17,735.01 Mil) to Mar. 2024 ($18,242.39 Mil).

Eni SpA's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($16,467.80 Mil) to Dec. 2022 ($18,156.78 Mil) but then declined from Dec. 2022 ($18,156.78 Mil) to Dec. 2023 ($17,735.01 Mil).

Eni SpA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Eni SpA'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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Eni SpA Cash, Cash Equivalents, Marketable Securities Chart

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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14,597.78

18,144.77

16,467.80

18,156.78

17,735.01

Eni SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															20,493.58	21,343.45	19,748.13	17,735.01	18,242.39

Eni SpA 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.

Eni SpA (NYSE:E) 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.

Eni SpA Cash, Cash Equivalents, Marketable Securities Related Terms

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Eni SpA (Eni SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (NYSE:E) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

EIPAF:USA ENI:Italy 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany ENI:Germany ENI:Germany ENI1:Germany ENI:Germany ENI:Austria E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.