CPFL Energia (CPFL Energia) Cash And Cash Equivalents : $905 Mil (As of Dec. 2023)

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What is CPFL Energia Cash And Cash Equivalents?

CPFL Energia's quarterly cash and cash equivalents increased from Jun. 2023 ($1,032.25 Mil) to Sep. 2023 ($1,100.03 Mil) but then stayed the same from Sep. 2023 ($1,100.03 Mil) to Dec. 2023 ($905.18 Mil).

CPFL Energia's annual cash and cash equivalents increased from Dec. 2021 ($389.04 Mil) to Dec. 2022 ($714.18 Mil) and increased from Dec. 2022 ($714.18 Mil) to Dec. 2023 ($905.18 Mil).

CPFL Energia Cash And Cash Equivalents Historical Data

The historical data trend for CPFL Energia'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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CPFL Energia Cash And Cash Equivalents Chart

CPFL Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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471.96

761.72

389.04

714.18

905.18

CPFL Energia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															714.18	807.72	1,032.25	1,100.03	905.18

CPFL Energia 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.

CPFL Energia (NYSE:CPL) 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.

CPFL Energia Cash And Cash Equivalents Related Terms

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CPFL Energia (CPFL Energia) Business Description

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CPFE3:Brazil

Address

Rua Jorge Figueiredo Corrêa, No 1.632, Jardim Professora Tarcília, Campinas, Sao Paulo, SP, BRA, 13087-397

Website

https://www.cpfl.com.br

CPFL Energia SA is the holding company of the CPFL Group, operating in Brazil's electricity sector, implementing and operating projects and concessions in the energy distribution, generation, transmission, and trading segments and related activities through its subsidiaries and affiliate companies. The Group's operating segments are electric energy distribution, electric energy generation, electric energy commercialization, and services rendered activities. It derives a majority of its revenue from the distribution segment.