Coty (BSP:COTY34) Cash And Cash Equivalents : R$2,205 Mil (As of Dec. 2023)

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What is Coty Cash And Cash Equivalents?

Coty's quarterly cash and cash equivalents increased from Jun. 2023 (R$1,198.38 Mil) to Sep. 2023 (R$1,382.84 Mil) and increased from Sep. 2023 (R$1,382.84 Mil) to Dec. 2023 (R$2,204.91 Mil).

Coty's annual cash and cash equivalents declined from Jun. 2021 (R$1,274.73 Mil) to Jun. 2022 (R$1,177.63 Mil) but then increased from Jun. 2022 (R$1,177.63 Mil) to Jun. 2023 (R$1,198.38 Mil).

Coty Cash And Cash Equivalents Historical Data

The historical data trend for Coty'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.

Coty Cash And Cash Equivalents Chart

Coty Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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1,312.48

1,599.58

1,274.73

1,177.63

1,198.38

Coty 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															1,472.91	1,276.11	1,198.38	1,382.84	2,204.91

Coty 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.

Coty (BSP:COTY34) 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.

Coty Cash And Cash Equivalents Related Terms

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Coty (BSP:COTY34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Coty Inc (BSP:COTY34) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

COTY:USA COTY:France CO3A:Germany CO3A:Germany

Address

350 Fifth Avenue, New York, NY, USA, 10118

Website

https://www.coty.com

Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.

Coty (BSP:COTY34) Headlines

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