TAG Immobilien AG (LTS:TEGJ) Cash And Cash Equivalents : €185.15 Mil (As of Mar. 2024)

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What is TAG Immobilien AG Cash And Cash Equivalents?

TAG Immobilien AG's quarterly cash and cash equivalents increased from Sep. 2023 (€112.40 Mil) to Dec. 2023 (€128.60 Mil) and increased from Dec. 2023 (€128.60 Mil) to Mar. 2024 (€185.15 Mil).

TAG Immobilien AG's annual cash and cash equivalents increased from Dec. 2021 (€96.46 Mil) to Dec. 2022 (€240.49 Mil) but then declined from Dec. 2022 (€240.49 Mil) to Dec. 2023 (€128.60 Mil).

TAG Immobilien AG Cash And Cash Equivalents Historical Data

The historical data trend for TAG Immobilien 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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TAG Immobilien AG Cash And Cash Equivalents Chart

TAG Immobilien AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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88.69

324.32

96.46

240.49

128.60

TAG Immobilien AG 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															79.47	101.34	112.40	128.60	185.15

TAG Immobilien 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.

TAG Immobilien AG (LTS:TEGJ) 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.

TAG Immobilien AG Cash And Cash Equivalents Related Terms

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TAG Immobilien AG (LTS:TEGJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TAG Immobilien AG (LTS:TEGJ) » Definitions » Cash And Cash Equivalents

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TAGOF:USA TEGd:UK 0JK4:UK TEG:Germany TEG:Austria

Address

Steckelhorn 5, Hamburg, DEU, 20457

Website

https://www.tag-ag.com

TAG Immobilien AG is a general real estate company that operates in Germany. The company reports multiple business segments based on location. The company's revenue sources are largely split between its top regions, while its Berlin operations slightly outweigh the others. Tag rents and manages residential properties, as well as commercial real estate properties and boarding houses. The company focuses on regions characterized by improving quality of life while considering acquisition activity as a component of its operational growth strategy.

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