Grand City Properties (XTER:GYC) Cash And Cash Equivalents : €1,180.4 Mil (As of Mar. 2024)

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What is Grand City Properties Cash And Cash Equivalents?

Grand City Properties's quarterly cash and cash equivalents increased from Sep. 2023 (€1,003.40 Mil) to Dec. 2023 (€1,129.18 Mil) and increased from Dec. 2023 (€1,129.18 Mil) to Mar. 2024 (€1,180.42 Mil).

Grand City Properties's annual cash and cash equivalents declined from Dec. 2021 (€895.49 Mil) to Dec. 2022 (€324.94 Mil) but then increased from Dec. 2022 (€324.94 Mil) to Dec. 2023 (€1,129.18 Mil).

Grand City Properties Cash And Cash Equivalents Historical Data

The historical data trend for Grand City Properties'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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Grand City Properties Cash And Cash Equivalents Chart

Grand City Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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914.05

1,412.20

895.49

324.94

1,129.18

Grand City Properties 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															479.30	640.13	1,003.40	1,129.18	1,180.42

Grand City Properties 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.

Grand City Properties (XTER:GYC) 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.

Grand City Properties Cash And Cash Equivalents Related Terms

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Grand City Properties (XTER:GYC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grand City Properties SA (XTER:GYC) » Definitions » Cash And Cash Equivalents

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GRNNF:USA 0RPK:UK GYC:Austria

Address

37, Boulevard Joseph II, Luxembourg, LUX, L-1840

Website

https://www.grandcityproperties.com

Grand City Properties SA is a real estate company. It is a specialist real estate company focused on buying, re-developing, optimizing, repositioning, investing and managing value-add opportunities in the German real estate market. The company is also involved in asset and property management activities along with the real estate value chain. Its portfolio is mainly located in Berlin, North Rhine Westphalia, Dresden, Leipzig, Halle, Nuremberg, Munich, Mannheim, Frankfurt, Bremen, and Hamburg.

Executives

Christian Windfuhr

Chairman