Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Cash And Cash Equivalents : €883 Mil (As of Mar. 2024)

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What is Motor Oil (Hellas) Corinth Refineries Cash And Cash Equivalents?

Motor Oil (Hellas) Corinth Refineries's quarterly cash and cash equivalents declined from Sep. 2023 (€1,503.62 Mil) to Dec. 2023 (€1,322.26 Mil) but then stayed the same from Dec. 2023 (€1,322.26 Mil) to Mar. 2024 (€882.92 Mil).

Motor Oil (Hellas) Corinth Refineries's annual cash and cash equivalents increased from Dec. 2021 (€656.68 Mil) to Dec. 2022 (€1,199.17 Mil) and increased from Dec. 2022 (€1,199.17 Mil) to Dec. 2023 (€1,322.26 Mil).

Motor Oil (Hellas) Corinth Refineries Cash And Cash Equivalents Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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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Motor Oil (Hellas) Corinth Refineries Cash And Cash Equivalents Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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697.28

587.50

656.68

1,199.17

1,322.26

Motor Oil (Hellas) Corinth Refineries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,260.17	1,169.52	1,503.62	1,322.26	882.92

Motor Oil (Hellas) Corinth Refineries 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.

Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) 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.

Motor Oil (Hellas) Corinth Refineries Cash And Cash Equivalents Related Terms

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Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (LTS:0MQT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOH:Greece MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.

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