Terna SpA (Terna SpA) Cash, Cash Equivalents, Marketable Securities : $1,208 Mil (As of Sep. 2023)

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What is Terna SpA Cash, Cash Equivalents, Marketable Securities?

Terna SpA's quarterly cash, cash equivalents, marketable securities increased from Mar. 2023 ($2,315.10 Mil) to Jun. 2023 ($2,807.15 Mil) but then stayed the same from Jun. 2023 ($2,807.15 Mil) to Sep. 2023 ($1,208.32 Mil).

Terna SpA's annual cash, cash equivalents, marketable securities declined from Dec. 2020 ($4,042.58 Mil) to Dec. 2021 ($2,873.56 Mil) and declined from Dec. 2021 ($2,873.56 Mil) to Dec. 2022 ($2,549.47 Mil).

Terna SpA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Terna SpA'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.

Terna SpA Cash, Cash Equivalents, Marketable Securities Chart

Terna SpA Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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1,751.89

4,042.58

2,873.56

2,549.47

Terna SpA Quarterly Data
	Mar19	Jun19	Sep19	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															2,549.47	2,315.10	2,807.15	1,208.32	-

Terna SpA 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.

Terna SpA (OTCPK:TEZNY) 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.

Terna SpA Cash, Cash Equivalents, Marketable Securities Related Terms

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Terna SpA (Terna SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Terna SpA (OTCPK:TEZNY) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

TERRF:USA TRN:Italy TRNm:UK 0LBM:UK UEI:Germany

Address

Viale Egidio Galbani, 70, Rome, ITA, 00156

Website

https://www.terna.it

Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.

Terna SpA (Terna SpA) Headlines

From GuruFocus

Terna SpA's Dividend Analysis

By GuruFocus Research • 11-23-2023