Nokian Tyres (OHEL:TYRES) Cash And Cash Equivalents : €415 Mil (As of Dec. 2023)

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What is Nokian Tyres Cash And Cash Equivalents?

Nokian Tyres's quarterly cash and cash equivalents declined from Jun. 2023 (€420.20 Mil) to Sep. 2023 (€248.10 Mil) but then increased from Sep. 2023 (€248.10 Mil) to Dec. 2023 (€414.90 Mil).

Nokian Tyres's annual cash and cash equivalents declined from Dec. 2021 (€385.90 Mil) to Dec. 2022 (€259.00 Mil) but then increased from Dec. 2022 (€259.00 Mil) to Dec. 2023 (€414.90 Mil).

Nokian Tyres Cash And Cash Equivalents Historical Data

The historical data trend for Nokian Tyres'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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Nokian Tyres Cash And Cash Equivalents Chart

Nokian Tyres Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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218.80

504.20

385.90

259.00

414.90

Nokian Tyres 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															259.00	357.10	420.20	248.10	414.90

Nokian Tyres 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.

Nokian Tyres (OHEL:TYRES) 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.

Nokian Tyres Cash And Cash Equivalents Related Terms

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Nokian Tyres (OHEL:TYRES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (OHEL:TYRES) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

NKRKY:USA NKRKF:USA 1TYRES:Italy 0FFY:UK NRE:Germany

Address

Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101

Website

https://www.nokiantyres.com

Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.

Nokian Tyres (OHEL:TYRES) Headlines

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