SK Innovation Co (XKRX:096775) Cash And Cash Equivalents : ₩13,074,426 Mil (As of Dec. 2023)

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What is SK Innovation Co Cash And Cash Equivalents?

SK Innovation Co's quarterly cash and cash equivalents increased from Jun. 2023 (₩12,129,826.43 Mil) to Sep. 2023 (₩12,769,516.22 Mil) and increased from Sep. 2023 (₩12,769,516.22 Mil) to Dec. 2023 (₩13,074,425.61 Mil).

SK Innovation Co's annual cash and cash equivalents increased from Dec. 2021 (₩3,423,827.16 Mil) to Dec. 2022 (₩9,479,086.53 Mil) and increased from Dec. 2022 (₩9,479,086.53 Mil) to Dec. 2023 (₩13,074,425.61 Mil).

SK Innovation Co Cash And Cash Equivalents Historical Data

The historical data trend for SK Innovation Co'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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SK Innovation Co Cash And Cash Equivalents Chart

SK Innovation Co Annual Data

Trend

Dec14

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Dec16

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Dec20

Dec21

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Dec23

Cash And Cash Equivalents

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2,196,001.40

2,940,661.26

3,423,827.16

9,479,086.53

13,074,425.61

SK Innovation Co 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															9,479,086.53	11,234,262.54	12,129,826.43	12,769,516.22	13,074,425.61

SK Innovation Co 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.

SK Innovation Co (XKRX:096775) 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.

SK Innovation Co Cash And Cash Equivalents Related Terms

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SK Innovation Co (XKRX:096775) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SK Innovation Co Ltd (XKRX:096775) » Definitions » Cash And Cash Equivalents

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096770:Korea

Address

SK Building, 26, Jong-ro, Jongno-gu, Seoul, KOR

Website

http://www.skinnovation.com

SK Innovation Co Ltd is a global energy and chemical company. It operates in petroleum production, refining, chemicals, and lubricants. Operations are divided into four segments: Petroleum, Petrochemicals, Lubricants, and Others. The Petroleum segment provides majority of the revenue for the group. SK engages in exploration and production activities around the world. Petroleum products like gasoline, diesel, and asphalt are produced at its refineries in Korea. The business has a network of gas stations with a paid membership service. Additional subsidiaries under the Petroleum segment provide customized service information for freight truck business operators and a website for enterprise customers of SK Energy.

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