On Holding AG (On Holding AG) Cash And Cash Equivalents : $572 Mil (As of Dec. 2023)

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What is On Holding AG Cash And Cash Equivalents?

On Holding AG's quarterly cash and cash equivalents increased from Jun. 2023 ($374.39 Mil) to Sep. 2023 ($480.21 Mil) and increased from Sep. 2023 ($480.21 Mil) to Dec. 2023 ($571.92 Mil).

On Holding AG's annual cash and cash equivalents declined from Dec. 2021 ($709.12 Mil) to Dec. 2022 ($398.24 Mil) but then increased from Dec. 2022 ($398.24 Mil) to Dec. 2023 ($571.92 Mil).

On Holding AG Cash And Cash Equivalents Historical Data

The historical data trend for On Holding 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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On Holding AG Cash And Cash Equivalents Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

12.14

102.03

709.12

398.24

571.92

On Holding AG Quarterly Data
	Dec19	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											398.24	390.38	374.39	480.21	571.92

On Holding 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.

On Holding AG (NYSE:ONON) 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.

On Holding AG Cash And Cash Equivalents Related Terms

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On Holding AG (On Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » On Holding AG (NYSE:ONON) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Forrlibuckstrasse 190, Zurich, CHE, 8005

Website

https://www.on-running.com

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from North America.