MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Cash, Cash Equivalents, Marketable Securities : $24.97 Mil (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Cash, Cash Equivalents, Marketable Securities?

MNG Havayollari ve Tasimacilik AS's quarterly cash, cash equivalents, marketable securities declined from Dec. 2021 ($46.19 Mil) to Sep. 2022 ($17.24 Mil) but then increased from Sep. 2022 ($17.24 Mil) to Dec. 2022 ($24.97 Mil).

MNG Havayollari ve Tasimacilik AS's annual cash, cash equivalents, marketable securities declined from Dec. 2020 ($46.54 Mil) to Dec. 2021 ($46.19 Mil) and declined from Dec. 2021 ($46.19 Mil) to Dec. 2022 ($24.97 Mil).

MNG Havayollari ve Tasimacilik AS Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS Cash, Cash Equivalents, Marketable Securities Chart

MNG Havayollari ve Tasimacilik AS Annual Data

Trend

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

46.54

46.19

24.97

MNG Havayollari ve Tasimacilik AS Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22
Cash, Cash Equivalents, Marketable Securities	46.54	-	46.19	17.24	24.97

MNG Havayollari ve Tasimacilik AS 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.

MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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.

MNG Havayollari ve Tasimacilik AS Cash, Cash Equivalents, Marketable Securities Related Terms

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MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149

Website

https://www.mngairlines.com

MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.

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