Altech Advanced Materials AG (XTER:AMA) Cash And Cash Equivalents : €1.38 Mil (As of Dec. 2023)

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What is Altech Advanced Materials AG Cash And Cash Equivalents?

Altech Advanced Materials AG's quarterly cash and cash equivalents declined from Dec. 2022 (€1.65 Mil) to Jun. 2023 (€0.58 Mil) but then increased from Jun. 2023 (€0.58 Mil) to Dec. 2023 (€1.38 Mil).

Altech Advanced Materials AG's annual cash and cash equivalents declined from Dec. 2021 (€2.11 Mil) to Dec. 2022 (€1.65 Mil) and declined from Dec. 2022 (€1.65 Mil) to Dec. 2023 (€1.38 Mil).

Altech Advanced Materials AG Cash And Cash Equivalents Historical Data

The historical data trend for Altech Advanced Materials AG'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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Altech Advanced Materials AG Cash And Cash Equivalents Chart

Altech Advanced Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.62

0.39

2.11

1.65

1.38

Altech Advanced Materials AG Quarterly Data
	Jun13	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.11	1.77	1.65	0.58	1.38

Altech Advanced Materials AG 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.

Altech Advanced Materials AG (XTER:AMA) 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.

Altech Advanced Materials AG Cash And Cash Equivalents Related Terms

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Altech Advanced Materials AG (XTER:AMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Altech Advanced Materials AG (XTER:AMA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

AMA:Germany

Address

Ziegelhauser Landstrasse 3, Heidelberg, BW, DEU, 69120

Website

https://www.altechadvancedmaterials.com

Altech Advanced Materials AG is an investment company that makes investments in corporations and partnerships that represent a good opportunity/risk ratio, particularly in the business areas of raw material extraction and processing, chemistry, manufacture of all types of packaging and paper products, as well as their distribution. The aim of the company, together with its cooperation partner Altech Batteries Limited, is to enter the market for lithium-ion batteries for electromobility with innovative and high-performance anode material based on high-purity aluminum oxide ("HPA) - Silumina Anodes - as well as in the area of solid-state batteries for stationary battery use with - CERENERGY - to participate.

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