The ODP (FRA:ODP1) Cash And Cash Equivalents : €163 Mil (As of Sep. 2024)

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What is The ODP Cash And Cash Equivalents?

The ODP's quarterly cash and cash equivalents declined from Mar. 2024 (€259.44 Mil) to Jun. 2024 (€167.22 Mil) but then stayed the same from Jun. 2024 (€167.22 Mil) to Sep. 2024 (€163.08 Mil).

The ODP's annual cash and cash equivalents declined from Dec. 2021 (€454.89 Mil) to Dec. 2022 (€380.43 Mil) and declined from Dec. 2022 (€380.43 Mil) to Dec. 2023 (€359.46 Mil).

The ODP Cash And Cash Equivalents Historical Data

The historical data trend for The ODP'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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The ODP Cash And Cash Equivalents Chart

The ODP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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628.20

599.24

454.89

380.43

359.46

The ODP Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															359.81	359.46	259.44	167.22	163.08

The ODP 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.

The ODP (FRA:ODP1) 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.

The ODP Cash And Cash Equivalents Related Terms

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The ODP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The ODP Corp (FRA:ODP1) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ODP:USA

Address

6600 North Military Trail, Boca Raton, FL, USA, 33496

Website

https://www.officedepot.com

The ODP Corp operates an integrated B2B distribution platform with divisions focusing on various sectors: ODP Business Solutions serves small to enterprise-level companies with office supplies, technology, furniture, and services. Office Depot Division caters to retail consumers and small businesses through retail locations and eCommerce platforms, offering office supplies, technology, and business services. Veyer Division specializes in supply chain, distribution, and procurement services for both internal and third-party customers, with a focus on global operations. Varis Division offers a tech-enabled B2B indirect procurement marketplace, providing a seamless buying experience and advanced spend management tools. Revenue primarily stems from the Veyer division.

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