Continental AG (Continental AG) Cash And Cash Equivalents : $2,926 Mil (As of Dec. 2023)

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What is Continental AG Cash And Cash Equivalents?

Continental AG's quarterly cash and cash equivalents declined from Jun. 2023 ($2,461.00 Mil) to Sep. 2023 ($2,377.70 Mil) but then increased from Sep. 2023 ($2,377.70 Mil) to Dec. 2023 ($2,926.28 Mil).

Continental AG's annual cash and cash equivalents increased from Dec. 2021 ($2,257.85 Mil) to Dec. 2022 ($2,586.12 Mil) and increased from Dec. 2022 ($2,586.12 Mil) to Dec. 2023 ($2,926.28 Mil).

Continental AG Cash And Cash Equivalents Historical Data

The historical data trend for Continental 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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Continental AG Cash And Cash Equivalents Chart

Continental AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,460.33

3,211.44

2,257.85

2,586.12

2,926.28

Continental 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															2,586.12	2,411.24	2,461.00	2,377.70	2,926.28

Continental 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.

Continental AG (OTCPK:CTTAY) 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.

Continental AG Cash And Cash Equivalents Related Terms

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Continental AG (Continental AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Continental AG (OTCPK:CTTAY) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

CTTAF:USA CTT:Romania CON:Italy CONd:UK 0LQ1:UK CON:Germany

Address

Vahrenwalder Strasse 9, Hanover, NI, DEU, 30165

Website

https://www.continental.com

Continental is a global auto supplier and tiremaker. Operating segments include the automotive group (electrical architecture and networking, autonomous mobility, safety and motion, smart mobility, and user experience), tires, and ContiTech which uses rubber in industrial and automotive components and systems. Last year, automotive group revenue was around 48% of the total, tire was 35%, ContiTech was 16%, and contract manufacturing for Vitesco was 1%. Top five customers include Ford, Mercedes-Benz, the Renault-Nissan-Mitsubishi alliance, Stellantis, and Volkswagen, representing about 32% of total revenue. Europe, at 47% of total revenue, is the companies largest market, followed by North America at 27%, Asia (mostly China) at 22%, and 4% in other regions.