Norsk Hydro ASA (Norsk Hydro ASA) Cash And Cash Equivalents : $2,334 Mil (As of Dec. 2023)

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What is Norsk Hydro ASA Cash And Cash Equivalents?

Norsk Hydro ASA's quarterly cash and cash equivalents declined from Jun. 2023 ($2,079.68 Mil) to Sep. 2023 ($1,781.40 Mil) but then increased from Sep. 2023 ($1,781.40 Mil) to Dec. 2023 ($2,333.59 Mil).

Norsk Hydro ASA's annual cash and cash equivalents increased from Dec. 2021 ($2,552.36 Mil) to Dec. 2022 ($3,016.67 Mil) but then declined from Dec. 2022 ($3,016.67 Mil) to Dec. 2023 ($2,333.59 Mil).

Norsk Hydro ASA Cash And Cash Equivalents Historical Data

The historical data trend for Norsk Hydro ASA'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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Norsk Hydro ASA Cash And Cash Equivalents Chart

Norsk Hydro ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,361.48

2,025.70

2,552.36

3,016.67

2,333.59

Norsk Hydro ASA 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															3,016.67	2,931.27	2,079.68	1,781.40	2,333.59

Norsk Hydro ASA 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.

Norsk Hydro ASA (OTCPK:NHYDY) 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.

Norsk Hydro ASA Cash And Cash Equivalents Related Terms

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Norsk Hydro ASA (Norsk Hydro ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsk Hydro ASA (OTCPK:NHYDY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

NHYKF:USA NHYo:Sweden NHY:Norway NHYo:UK 0Q11:UK NOH1:Germany

Address

Postboks 980 Skøyen,, Oslo, NOR, NO-0240

Website

https://www.hydro.com

Norsk Hydro ASA is an aluminium and renewable energy company committed to a sustainable future. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Extrusions, and Hydro Energy, as well as the Hydro Metal Markets activities. Hydro Extrusions delivers products within extrusion profiles, building systems, and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. Hydro Extrusions are present in about 40 countries. It is delivered to sectors such as construction, automotive and heating, etc. Key revenue comes from the Hydro Extrusions segment.

Norsk Hydro ASA (Norsk Hydro ASA) Headlines

From GuruFocus

Norsk Hydro to Webcast Live at VirtualInvestorConferences.com June 20ᵗʰ

By PRNewswire PRNewswire • 06-17-2019

KPS Capital Partners to Acquire Aluminum Rolling Business from Norsk Hydro ASA

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Norsk Hydro ASA Stock Shows Every Sign Of Being Significantly Overvalued

By GF Value GF Value • 03-31-2021

Norsk Hydro ASA Stock Gives Every Indication Of Being Significantly Overvalued

By GF Value GF Value • 04-30-2021