Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Cash, Cash Equivalents, Marketable Securities : $2,167 Mil (As of Dec. 2023)

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What is Coca-Cola Europacific Partners Cash, Cash Equivalents, Marketable Securities?

Coca-Cola Europacific Partners's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 ($1,740.47 Mil) to Jun. 2023 ($2,138.68 Mil) and increased from Jun. 2023 ($2,138.68 Mil) to Dec. 2023 ($2,166.85 Mil).

Coca-Cola Europacific Partners's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($1,655.37 Mil) to Dec. 2022 ($1,740.47 Mil) and increased from Dec. 2022 ($1,740.47 Mil) to Dec. 2023 ($2,166.85 Mil).

Coca-Cola Europacific Partners Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Coca-Cola Europacific Partners'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.

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Coca-Cola Europacific Partners Cash, Cash Equivalents, Marketable Securities Chart

Coca-Cola Europacific Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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351.11

1,852.80

1,655.37

1,740.47

2,166.85

Coca-Cola Europacific Partners Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1,655.37	2,175.48	1,740.47	2,138.68	2,166.85

Coca-Cola Europacific Partners 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.

Coca-Cola Europacific Partners (NAS:CCEP) 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.

Coca-Cola Europacific Partners Cash, Cash Equivalents, Marketable Securities Related Terms

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Coca-Cola Europacific Partners (Coca-Cola Europacific Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Europacific Partners PLC (NAS:CCEP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

CCEP:Netherlands CCEPa:UK CCEP:UK CCEP:Spain CK0:Germany CK0:Germany

Address

Bakers Road, Pemberton House, Uxbridge, GBR, UB8 1EZ

Website

https://www.cocacolaep.com

CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe (78% of 2022 revenue and 73% of EBIT) and Australasia (22% and 27%, respectively). In 2023 it announced the planned acquisition of Coca-Cola Beverages Philippines from TCCC.In 2022, CCEP sold 3.3 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume. Coke's largest bottler, Coca-Cola Femsasold 3.75 billion unit cases (11%), and the third-largest, Coca-Cola HBC, serving Eastern Europe and North Africa, sold 2.7 billion unit cases (8%).TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.