SSAB AB (SSAB AB) Cash And Cash Equivalents : $2,783 Mil (As of Mar. 2024)

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What is SSAB AB Cash And Cash Equivalents?

SSAB AB's quarterly cash and cash equivalents increased from Sep. 2023 ($2,500.27 Mil) to Dec. 2023 ($2,818.89 Mil) but then stayed the same from Dec. 2023 ($2,818.89 Mil) to Mar. 2024 ($2,783.23 Mil).

SSAB AB's annual cash and cash equivalents increased from Dec. 2021 ($1,517.78 Mil) to Dec. 2022 ($2,399.31 Mil) and increased from Dec. 2022 ($2,399.31 Mil) to Dec. 2023 ($2,818.89 Mil).

SSAB AB Cash And Cash Equivalents Historical Data

The historical data trend for SSAB AB'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.

SSAB AB Cash And Cash Equivalents Chart

SSAB AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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380.71

843.11

1,517.78

2,399.31

2,818.89

SSAB AB 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															2,578.01	2,276.61	2,500.27	2,818.89	2,783.23

SSAB AB 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.

SSAB AB (OTCPK:SSAAY) 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.

SSAB AB Cash And Cash Equivalents Related Terms

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SSAB AB (SSAB AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SSAB AB (OTCPK:SSAAY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SSAB B:Sweden SSAB A:Sweden SSABBs:UK SSABAs:UK 0MHZ:UK 0KII:UK SSABBH:Finland SSABAH:Finland SKWA:Germany

Address

Klarabergsviadukten 70, D6, Box 70, Stockholm, SWE, SE-101 21

Website

https://www.ssab.com

SSAB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB primarily serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates most of its revenue from Europe and North America.

SSAB AB (SSAB AB) Headlines

From GuruFocus

SSAB's Annual Report 2018 Published

By PRNewswire PRNewswire • 03-18-2019

SSAB's Annual Report 2021 published

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SSAB's Annual Report 2017 Published

By PRNewswire PRNewswire • 03-19-2018

SSAB's Annual Report 2022 is published

By PRNewswire PRNewswire • 03-24-2023