SIF Italia SpA (MIL:SIF) Cash And Cash Equivalents : €3.04 Mil (As of Dec. 2023)

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What is SIF Italia SpA Cash And Cash Equivalents?

SIF Italia SpA's quarterly cash and cash equivalents increased from Dec. 2022 (€2.65 Mil) to Jun. 2023 (€2.67 Mil) and increased from Jun. 2023 (€2.67 Mil) to Dec. 2023 (€3.04 Mil).

SIF Italia SpA's annual cash and cash equivalents declined from Dec. 2021 (€3.17 Mil) to Dec. 2022 (€2.65 Mil) but then increased from Dec. 2022 (€2.65 Mil) to Dec. 2023 (€3.04 Mil).

SIF Italia SpA Cash And Cash Equivalents Historical Data

The historical data trend for SIF Italia SpA'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.

* Premium members only.

SIF Italia SpA Cash And Cash Equivalents Chart

SIF Italia SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.69

3.17

2.65

3.04

SIF Italia SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			3.17	2.60	2.65	2.67	3.04

SIF Italia SpA 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.

SIF Italia SpA (MIL:SIF) 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.

SIF Italia SpA Cash And Cash Equivalents Related Terms

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SIF Italia SpA (MIL:SIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SIF Italia SpA (MIL:SIF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Lovanio 6, Milan, ITA, 20121

Website

https://www.sifitalia.it

SIF Italia SpA is engaged in the management of real estate assets. It offers condominium administration, manage and administer large thermal power plants.