Asseco Business Solutions (WAR:ABS) Cash And Cash Equivalents : zł72.0 Mil (As of Mar. 2024)

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What is Asseco Business Solutions Cash And Cash Equivalents?

Asseco Business Solutions's quarterly cash and cash equivalents increased from Sep. 2023 (zł18.94 Mil) to Dec. 2023 (zł53.00 Mil) and increased from Dec. 2023 (zł53.00 Mil) to Mar. 2024 (zł71.98 Mil).

Asseco Business Solutions's annual cash and cash equivalents increased from Dec. 2021 (zł42.83 Mil) to Dec. 2022 (zł48.28 Mil) and increased from Dec. 2022 (zł48.28 Mil) to Dec. 2023 (zł53.00 Mil).

Asseco Business Solutions Cash And Cash Equivalents Historical Data

The historical data trend for Asseco Business Solutions'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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Asseco Business Solutions Cash And Cash Equivalents Chart

Asseco Business Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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15.95

6.61

42.83

48.28

53.00

Asseco Business Solutions 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															35.13	2.74	18.94	53.00	71.98

Asseco Business Solutions 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.

Asseco Business Solutions (WAR:ABS) 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.

Asseco Business Solutions Cash And Cash Equivalents Related Terms

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Asseco Business Solutions (WAR:ABS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Business Solutions SA (WAR:ABS) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

9QQ:Germany

Address

ul. Konrada Wallenroda 4c, Lublin, POL, 20-607

Website

http://www.assecobs.pl

Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

Asseco Business Solutions (WAR:ABS) Headlines

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