JOST Werke SE (XTER:JST) Cash And Cash Equivalents : €88 Mil (As of Dec. 2023)

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What is JOST Werke SE Cash And Cash Equivalents?

JOST Werke SE's quarterly cash and cash equivalents increased from Jun. 2023 (€79.84 Mil) to Sep. 2023 (€86.89 Mil) and increased from Sep. 2023 (€86.89 Mil) to Dec. 2023 (€87.73 Mil).

JOST Werke SE's annual cash and cash equivalents declined from Dec. 2021 (€87.48 Mil) to Dec. 2022 (€80.68 Mil) but then increased from Dec. 2022 (€80.68 Mil) to Dec. 2023 (€87.73 Mil).

JOST Werke SE Cash And Cash Equivalents Historical Data

The historical data trend for JOST Werke SE'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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JOST Werke SE Cash And Cash Equivalents Chart

JOST Werke SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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104.81

108.32

87.48

80.68

87.73

JOST Werke SE 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															80.68	94.40	79.84	86.89	87.73

JOST Werke SE 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.

JOST Werke SE (XTER:JST) 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.

JOST Werke SE Cash And Cash Equivalents Related Terms

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JOST Werke SE (XTER:JST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » JOST Werke SE (XTER:JST) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

0RTR:UK

Address

Siemensstrase 2, Neu-Isenburg, HE, DEU, 63263

Website

https://www.jost-world.com

JOST Werke SE is a producer and supplier of safety-critical systems to the truck and trailer industry. The company's business segments are Asia, the Pacific and Africa, Europe, and North America. Its products are used in two business lines; Transport includes products and systems for trucks and trailers that provide the interface connecting the truck to the trailer, and it even sells wheel couplings, landing gears, king pins, and ball bearing turntables, and Agriculture includes products like agricultural front loaders for tractors, various implements for front loaders, and subframes, and it even sells towing hitches, drawbars, towing eyes and ladders under the brand name Rockinger.

Executives

Prof. Dr. Bernd Gottschalk	Supervisory Board
Joachim Dürr	Board of Directors
Dr. Ralf Eichler	Board of Directors

JOST Werke SE (XTER:JST) Headlines

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