Salmon Evolution ASA (OSL:SALME) Cash, Cash Equivalents, Marketable Securities : kr382.8 Mil (As of Dec. 2023)

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What is Salmon Evolution ASA Cash, Cash Equivalents, Marketable Securities?

Salmon Evolution ASA's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 (kr561.68 Mil) to Sep. 2023 (kr445.87 Mil) but then stayed the same from Sep. 2023 (kr445.87 Mil) to Dec. 2023 (kr382.83 Mil).

Salmon Evolution ASA's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (kr503.76 Mil) to Dec. 2022 (kr275.94 Mil) but then increased from Dec. 2022 (kr275.94 Mil) to Dec. 2023 (kr382.83 Mil).

Salmon Evolution ASA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Salmon Evolution ASA's Cash, Cash Equivalents, Marketable Securities 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.

Salmon Evolution ASA Cash, Cash Equivalents, Marketable Securities Chart

Salmon Evolution ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

20.58

647.01

503.76

275.94

382.83

Salmon Evolution ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial												275.94	171.35	561.68	445.87	382.83

Salmon Evolution ASA Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Salmon Evolution ASA (OSL:SALME) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Salmon Evolution ASA Cash, Cash Equivalents, Marketable Securities Related Terms

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Salmon Evolution ASA (OSL:SALME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salmon Evolution ASA (OSL:SALME) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

SALMEo:Sweden 60E:Germany

Address

Torget 5, NO-6440 Elnesvagen, Hustadvika, NOR, 6440

Website

https://www.salmonevolution.no

Salmon Evolution ASA is a land-based salmon farming company in Norway. Its focus is on extending the ocean's potential by transferring the preconditions offered by the sea to farm fish on land through its chosen hybrid flow-through system technology (HFS). It production facility of the company is located in Indre Haroy, Norway. It offers access to an educated and experienced workforce, established infrastructure for salmon farming, renewable energy, and unlimited fresh seawater.

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