SMA Solar Technology AG (CHIX:S92D) Cash And Cash Equivalents : €162 Mil (As of Sep. 2024)

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What is SMA Solar Technology AG Cash And Cash Equivalents?

SMA Solar Technology AG's quarterly cash and cash equivalents declined from Mar. 2024 (€211.75 Mil) to Jun. 2024 (€155.10 Mil) but then increased from Jun. 2024 (€155.10 Mil) to Sep. 2024 (€161.74 Mil).

SMA Solar Technology AG's annual cash and cash equivalents increased from Dec. 2021 (€113.98 Mil) to Dec. 2022 (€165.36 Mil) and increased from Dec. 2022 (€165.36 Mil) to Dec. 2023 (€219.38 Mil).

SMA Solar Technology AG Cash And Cash Equivalents Historical Data

The historical data trend for SMA Solar Technology 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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SMA Solar Technology AG Cash And Cash Equivalents Chart

SMA Solar Technology AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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214.79

123.71

113.98

165.36

219.38

SMA Solar Technology AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															242.11	219.38	211.75	155.10	161.74

SMA Solar Technology 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.

SMA Solar Technology AG (CHIX:S92d) 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.

SMA Solar Technology AG Cash And Cash Equivalents Related Terms

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SMA Solar Technology AG Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SMA Solar Technology AG (CHIX:S92d) » Definitions » Cash And Cash Equivalents

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Address

Sonnenallee 1, Niestetal, DEU, 34266

Website

https://www.sma.de

SMA Solar Technology AG produces, develops, and sells systems and solutions for the efficient and sustainable generation, storage and use of solar energy. Its products include PV and battery inverters, monitoring systems for PV systems, charging solutions for electric vehicles as well as energy management systems, and digital services for the future energy supply. The company operates through the following segments; Home Solutions, Commercial & Industrial Solutions, and Large Scale & Project Solutions. The Large Scale & Project Solutions segment, which derives key revenue for the company, offers products, systems and solutions for industrial solar, storage and hydrogen projects as well as for the conversion of utility grids to a higher proportion of renewable energy.

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