2G Energy AG (CHIX:2GBD) Cash And Cash Equivalents : €12.6 Mil (As of Dec. 2023)

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What is 2G Energy AG Cash And Cash Equivalents?

2G Energy AG's quarterly cash and cash equivalents declined from Dec. 2022 (€13.48 Mil) to Jun. 2023 (€11.40 Mil) but then increased from Jun. 2023 (€11.40 Mil) to Dec. 2023 (€12.57 Mil).

2G Energy AG's annual cash and cash equivalents declined from Dec. 2021 (€19.93 Mil) to Dec. 2022 (€13.48 Mil) and declined from Dec. 2022 (€13.48 Mil) to Dec. 2023 (€12.57 Mil).

2G Energy AG Cash And Cash Equivalents Historical Data

The historical data trend for 2G Energy 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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2G Energy AG Cash And Cash Equivalents Chart

2G Energy AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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10.70

11.03

19.93

13.48

12.57

2G Energy AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															19.93	12.23	13.48	11.40	12.57

2G Energy 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.

2G Energy AG (CHIX:2GBd) 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.

2G Energy AG Cash And Cash Equivalents Related Terms

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2G Energy AG (CHIX:2GBD) Business Description

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2GB:Germany

Address

Benzstrasse 3, Heek, NW, DEU, 48619

Website

https://www.2-g.de

2G Energy AG is a Germany based company manufacturer and provider of decentralized energy supply systems. The group through development, production, and technical installation, as well as digital grid integration, combined heat and power systems (CHP), offers comprehensive solutions for combined heat and power generation. The product range of the company includes CHP modules for operation deploying natural gas, biogas, other lean gases, and hydrogen. The company's products have applications in sectors like Chemical and pharmaceutical industries, Horticultural, shopping centers, landfills, hotels, heating networks, swimming pools, and others. The group has business operations in Germany and internationally, of which the majority of the revenue is derived from the operations in Germany.

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