Delek Group (Delek Group) Cash And Cash Equivalents : $420 Mil (As of Dec. 2023)

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What is Delek Group Cash And Cash Equivalents?

Delek Group's quarterly cash and cash equivalents increased from Jun. 2023 ($414.26 Mil) to Sep. 2023 ($420.83 Mil) but then stayed the same from Sep. 2023 ($420.83 Mil) to Dec. 2023 ($419.78 Mil).

Delek Group's annual cash and cash equivalents increased from Dec. 2021 ($301.49 Mil) to Dec. 2022 ($567.50 Mil) but then declined from Dec. 2022 ($567.50 Mil) to Dec. 2023 ($419.78 Mil).

Delek Group Cash And Cash Equivalents Historical Data

The historical data trend for Delek Group'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.

Delek Group Cash And Cash Equivalents Chart

Delek Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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398.75

105.67

301.49

567.50

419.78

Delek Group 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															567.50	282.04	414.26	420.83	419.78

Delek Group 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.

Delek Group (OTCPK:DGRLY) 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.

Delek Group Cash And Cash Equivalents Related Terms

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Delek Group (Delek Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Delek Group Ltd (OTCPK:DGRLY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

DELKY:USA DLKGF:USA DLEKG:Israel 6D40:Germany

Address

19 Abba Eban Boulevard, P.O. Box 2054, Herzliya, ISR, 4612001

Website

https://www.delek-group.com

Delek Group Ltd operates in the oil and natural gas exploration, development, production and marketing sector in Israel and abroad. through investees. The operating segments of the company are, 1) Energy in Israel segment includes the development, production and sale of natural gas in the existing oil assets of the Partnership, and oil and natural gas exploration in the Mediterranean Sea, 2) the Foreign energy segment includes projects of the UK continental shelf in the North sea region through Ithaca Energy plc which is controlled indirectly by the company and 3) additional operations. The company operates primarily in Israel and North Sea region.