Neste OYJ (OHEL:NESTE) Cash And Cash Equivalents : €1,368 Mil (As of Mar. 2024)

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What is Neste OYJ Cash And Cash Equivalents?

Neste OYJ's quarterly cash and cash equivalents increased from Sep. 2023 (€1,430.00 Mil) to Dec. 2023 (€1,575.00 Mil) but then stayed the same from Dec. 2023 (€1,575.00 Mil) to Mar. 2024 (€1,368.00 Mil).

Neste OYJ's annual cash and cash equivalents declined from Dec. 2021 (€1,581.00 Mil) to Dec. 2022 (€1,271.00 Mil) but then increased from Dec. 2022 (€1,271.00 Mil) to Dec. 2023 (€1,575.00 Mil).

Neste OYJ Cash And Cash Equivalents Historical Data

The historical data trend for Neste OYJ'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.

Neste OYJ Cash And Cash Equivalents Chart

Neste OYJ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,493.00

1,552.00

1,581.00

1,271.00

1,575.00

Neste OYJ Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,747.00	1,039.00	1,430.00	1,575.00	1,368.00

Neste OYJ 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.

Neste OYJ (OHEL:NESTE) 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.

Neste OYJ Cash And Cash Equivalents Related Terms

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Neste OYJ (OHEL:NESTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (OHEL:NESTE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

NTOIY:USA NTOIF:USA NESTE:Mexico 1NESTE:Italy NESTEh:UK 0O46:UK NEF:Germany

Address

Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095

Website

https://www.neste.com

Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.

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