Piraeus Port Authority (ATH:PPA) Cash And Cash Equivalents : €202.5 Mil (As of Dec. 2023)

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What is Piraeus Port Authority Cash And Cash Equivalents?

Piraeus Port Authority's quarterly cash and cash equivalents increased from Dec. 2022 (€171.54 Mil) to Jun. 2023 (€173.05 Mil) and increased from Jun. 2023 (€173.05 Mil) to Dec. 2023 (€202.48 Mil).

Piraeus Port Authority's annual cash and cash equivalents increased from Dec. 2021 (€134.98 Mil) to Dec. 2022 (€171.54 Mil) and increased from Dec. 2022 (€171.54 Mil) to Dec. 2023 (€202.48 Mil).

Piraeus Port Authority Cash And Cash Equivalents Historical Data

The historical data trend for Piraeus Port Authority'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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Piraeus Port Authority Cash And Cash Equivalents Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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106.73

111.35

134.98

171.54

202.48

Piraeus Port Authority Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															134.98	155.26	171.54	173.05	202.48

Piraeus Port Authority 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.

Piraeus Port Authority (ATH:PPA) 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.

Piraeus Port Authority Cash And Cash Equivalents Related Terms

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Piraeus Port Authority (ATH:PPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (ATH:PPA) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.