Corporacion Acciona Energias Renovables (XMAD:ANE) Cash, Cash Equivalents, Marketable Securities : €825 Mil (As of Dec. 2023)

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What is Corporacion Acciona Energias Renovables Cash, Cash Equivalents, Marketable Securities?

Corporacion Acciona Energias Renovables's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (€735.00 Mil) to Jun. 2023 (€627.00 Mil) but then increased from Jun. 2023 (€627.00 Mil) to Dec. 2023 (€825.00 Mil).

Corporacion Acciona Energias Renovables's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (€706.00 Mil) to Dec. 2022 (€735.00 Mil) and increased from Dec. 2022 (€735.00 Mil) to Dec. 2023 (€825.00 Mil).

Corporacion Acciona Energias Renovables Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Corporacion Acciona Energias Renovables'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.

Corporacion Acciona Energias Renovables Cash, Cash Equivalents, Marketable Securities Chart

Corporacion Acciona Energias Renovables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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493.90

495.85

706.00

735.00

825.00

Corporacion Acciona Energias Renovables Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					706.00	1,360.00	735.00	627.00	825.00

Corporacion Acciona Energias Renovables 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.

Corporacion Acciona Energias Renovables (XMAD:ANE) 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.

Corporacion Acciona Energias Renovables Cash, Cash Equivalents, Marketable Securities Related Terms

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Corporacion Acciona Energias Renovables (XMAD:ANE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corporacion Acciona Energias Renovables SA (XMAD:ANE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

ANEe:UK 5BP:Germany

Address

Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108

Website

https://www.acciona-energia.com

A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. In June 2022, the group had 9.2 gigawatts of consolidated capacity (11.2 GW of total capacity). Eighty percent of Acciona Energia's capacity is onshore wind, nearly 10% is hydro dams in Spain and 9% is solar photovoltaic. Geographically, 50% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the U.S., and Australia accounting for 12%, 11%, and 6% of capacity, respectively.

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