Fraport AG (Fraport AG) Cash And Cash Equivalents : $2,491 Mil (As of Dec. 2023)

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What is Fraport AG Cash And Cash Equivalents?

Fraport AG's quarterly cash and cash equivalents increased from Jun. 2023 ($2,267.06 Mil) to Sep. 2023 ($2,594.02 Mil) but then stayed the same from Sep. 2023 ($2,594.02 Mil) to Dec. 2023 ($2,491.06 Mil).

Fraport AG's annual cash and cash equivalents declined from Dec. 2021 ($2,924.41 Mil) to Dec. 2022 ($2,591.00 Mil) and declined from Dec. 2022 ($2,591.00 Mil) to Dec. 2023 ($2,491.06 Mil).

Fraport AG Cash And Cash Equivalents Historical Data

The historical data trend for Fraport AG'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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Fraport AG Cash And Cash Equivalents Chart

Fraport AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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759.67

2,148.78

2,924.41

2,591.00

2,491.06

Fraport AG 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															2,591.00	2,488.44	2,267.06	2,594.02	2,491.06

Fraport AG 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.

Fraport AG (OTCPK:FPRUY) 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.

Fraport AG Cash And Cash Equivalents Related Terms

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Fraport AG (Fraport AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fraport AG (OTCPK:FPRUY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

FPRUF:USA 1FRA:Italy FRAd:UK 0O1R:UK FRA:Germany FRA:Austria

Address

Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547

Website

https://www.fraport.com

Fraport AG is a German airport operator. The company derives the majority of income domestically, principally through the operation of the Frankfurt airport. Fraport is organized into four segments: aviation, retail and real estate, ground handling, and International activities and services. Aviation, the largest contributor to revenue, includes terminal management, corporate safety, and airport security management. The retail and real estate segment involves retailing, parking lot operations, and renting areas at its airport sites. The ground handling segment provides ground infrastructure services to Fraport's airports. The International activities and services segment includes IT and telecommunication services, and facility and infrastructure management.