Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Cash And Cash Equivalents : R$1,031 Mil (As of Dec. 2023)

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What is Compania deneamento de Minas Gerais - COPASA MG Cash And Cash Equivalents?

Compania deneamento de Minas Gerais - COPASA MG's quarterly cash and cash equivalents increased from Jun. 2023 (R$766.93 Mil) to Sep. 2023 (R$1,250.85 Mil) but then stayed the same from Sep. 2023 (R$1,250.85 Mil) to Dec. 2023 (R$1,031.43 Mil).

Compania deneamento de Minas Gerais - COPASA MG's annual cash and cash equivalents declined from Dec. 2021 (R$1,309.72 Mil) to Dec. 2022 (R$1,122.30 Mil) and declined from Dec. 2022 (R$1,122.30 Mil) to Dec. 2023 (R$1,031.43 Mil).

Compania deneamento de Minas Gerais - COPASA MG Cash And Cash Equivalents Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG's Cash And Cash Equivalents 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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Compania deneamento de Minas Gerais - COPASA MG Cash And Cash Equivalents Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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524.15

805.62

1,309.72

1,122.30

1,031.43

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,122.30	1,074.67	766.93	1,250.85	1,031.43

Compania deneamento de Minas Gerais - COPASA MG Cash And Cash Equivalents 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.

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Compania deneamento de Minas Gerais - COPASA MG Cash And Cash Equivalents Related Terms

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Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (BSP:CSMG3) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Headlines

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