GN Store Nord A/S (CHIX:GNC) Cash And Cash Equivalents

: kr2,162 Mil (As of Dec. 2023)

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GN Store Nord A/S's quarterly cash and cash equivalents declined from Jun. 2023 (kr1,008.00 Mil) to Sep. 2023 (kr980.00 Mil) but then increased from Sep. 2023 (kr980.00 Mil) to Dec. 2023 (kr2,162.00 Mil).

GN Store Nord A/S's annual cash and cash equivalents declined from Dec. 2021 (kr6,208.00 Mil) to Dec. 2022 (kr990.00 Mil) but then increased from Dec. 2022 (kr990.00 Mil) to Dec. 2023 (kr2,162.00 Mil).

GN Store Nord A/S Cash And Cash Equivalents Historical Data

The historical data trend for GN Store Nord A/S'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.

* Premium members only.

GN Store Nord A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,728.00

1,657.00

6,208.00

990.00

2,162.00

GN Store Nord A/S 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															990.00	676.00	1,008.00	980.00	2,162.00

GN Store Nord A/S 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.

GN Store Nord A/S (CHIX:GNc) 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.

GN Store Nord A/S Cash And Cash Equivalents Related Terms

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GN Store Nord A/S (CHIX:GNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GN Store Nord A/S (CHIX:GNc) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GNNDY:USA GGNDF:USA 0K9P:UK GN:Denmark GNN:Germany

Address

Lautrupbjerg 7, Ballerup, DNK, 2750

Website

https://www.gn.com

GN Store Nord is a Danish company offering medical and audio solutions. The group consists of two businesses: audio (about 62% of sales) and hearing (38%). GN Hearing offers hearing aids, competing globally with Sonova, Demant, Starkey, and WS Audiology (previously Sivantos and Widex). GN Audio provides headsets and speakerphones to the enterprise market (contact centers and offices), as well as to the consumer market, and recently acquired SteelSeries in the gaming market. The company has positioned itself as one of the main players in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing and Jabra in headsets.

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