Mercedes-Benz Group AG (Mercedes-Benz Group AG) Cash And Cash Equivalents : $17,407 Mil (As of Dec. 2023)

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What is Mercedes-Benz Group AG Cash And Cash Equivalents?

Mercedes-Benz Group AG's quarterly cash and cash equivalents declined from Jun. 2023 ($16,715.06 Mil) to Sep. 2023 ($16,155.82 Mil) but then increased from Sep. 2023 ($16,155.82 Mil) to Dec. 2023 ($17,406.76 Mil).

Mercedes-Benz Group AG's annual cash and cash equivalents declined from Dec. 2021 ($26,124.29 Mil) to Dec. 2022 ($18,727.75 Mil) and declined from Dec. 2022 ($18,727.75 Mil) to Dec. 2023 ($17,406.76 Mil).

Mercedes-Benz Group AG Cash And Cash Equivalents Historical Data

The historical data trend for Mercedes-Benz Group AG'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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Mercedes-Benz Group AG Cash And Cash Equivalents Chart

Mercedes-Benz Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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20,981.11

28,038.93

26,124.29

18,727.75

17,406.76

Mercedes-Benz Group AG 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															18,727.75	18,622.06	16,715.06	16,155.82	17,406.76

Mercedes-Benz Group AG 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.

Mercedes-Benz Group AG (OTCPK:MBGAF) 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.

Mercedes-Benz Group AG Cash And Cash Equivalents Related Terms

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Mercedes-Benz Group AG (Mercedes-Benz Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (OTCPK:MBGAF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MBGYY:USA DAI:Romania MBG:Mexico DAIMLER:Hungary MBGd:UK 0NXX:UK MBG:Germany MBG:Austria

Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://www.daimler.com

Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).

Executives