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Teva Pharmaceutical Industries's quarterly cash and cash equivalents declined from Jun. 2023 ($2,669.00 Mil) to Sep. 2023 ($2,249.00 Mil) but then increased from Sep. 2023 ($2,249.00 Mil) to Dec. 2023 ($3,226.00 Mil).
Teva Pharmaceutical Industries's annual cash and cash equivalents increased from Dec. 2021 ($2,165.00 Mil) to Dec. 2022 ($2,801.00 Mil) and increased from Dec. 2022 ($2,801.00 Mil) to Dec. 2023 ($3,226.00 Mil).
The historical data trend for Teva Pharmaceutical Industries'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.
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.
Teva Pharmaceutical Industries (NYSE:TEVA) 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.
Thank you for viewing the detailed overview of Teva Pharmaceutical Industries's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Dov Bergwerk | officer: Acting Chief Legal Officer | C/O TEVA, 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
Vikki L Conway | officer: See "Remarks" | C/O TEVA, 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
Varda Shalev | director | MATAM PARK, BUILDING #5, HAIFA L3 3508409 |
Eliyahu Sharon Kalif | officer: EVP, Chief Financial Officer | C/O TEVA, 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
Amir Weiss | officer: Chief Accounting Officer | C/O TEVA, 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
Angus Grant | officer: EVP, Business Development | C/O TEVA, 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
Eric A Hughes | officer: See "Remarks" | C/O TEVA, 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
Sven Dethlefs | officer: EVP Global Marketing&Portfolio | 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
Eric Drape | officer: Executive VP Global Operations | C/O TEVA, 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
David Matthew Stark | officer: Exec. VP Chief Legal Officer | 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
Richard Daniell | officer: Exec. VP, European Commercial | 5 BASEL STREET, PO BOX 3190, PETACH TIKVA L3 4951033 |
Richard D Francis | officer: President and CEO | IM LANGACHER 44, GREIFENSEE V8 8606 |
Hafrun Fridriksdottir | officer: Executive VP, Global R&D | 400 INTERPACE PARKWAY, PARSIPPANY NJ 07054 |
Eli Shani | officer: EVP,Global Marketing&Portfolio | C/O TEVA, 5 BASEL STREET, P.O. BOX 3190, PETACH TIKVA L3 4951033 |
Tal Zvi Zaks | director | C/O ADAPTIMMUNE THERAPEUTICS PLC, 60 JUBILEE AVE, MILTON PARK, ABINGDON, OXFORDSHIRE X0 OX14 4RX |
From GuruFocus
By Business Wire 06-12-2023
By Business Wire 06-06-2023
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