Corre Energy BV (DUB:CORRE) Cash And Cash Equivalents : €0.29 Mil (As of Jun. 2024)

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What is Corre Energy BV Cash And Cash Equivalents?

Corre Energy BV's quarterly cash and cash equivalents declined from Jun. 2023 (€1.87 Mil) to Dec. 2023 (€1.08 Mil) but then stayed the same from Dec. 2023 (€1.08 Mil) to Jun. 2024 (€0.29 Mil).

Corre Energy BV's annual cash and cash equivalents declined from Dec. 2021 (€13.38 Mil) to Dec. 2022 (€3.43 Mil) and declined from Dec. 2022 (€3.43 Mil) to Dec. 2023 (€1.08 Mil).

Corre Energy BV Cash And Cash Equivalents Historical Data

The historical data trend for Corre Energy BV'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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Corre Energy BV Cash And Cash Equivalents Chart

Corre Energy BV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.54

13.38

3.43

1.08

Corre Energy BV Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial				15.61	3.43	1.87	1.08	0.29

Corre Energy BV 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.

Corre Energy BV (DUB:CORRE) 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.

Corre Energy BV Cash And Cash Equivalents Related Terms

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Corre Energy BV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corre Energy BV (DUB:CORRE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Helperpark 278-3, Groningen, NLD, 9723 ZA

Website

https://www.corre.energy

Corre Energy BV is specialized in the development, construction, and operation of large-scale, underground renewable energy storage facilities. The group develops salt cavern energy storage facilities that use compressed air and hydrogen, and which enable mass energy storage for later use in offsetting the intermittent effects of renewable energy. It is also developing business activities in the production and sale of green energy.

Corre Energy BV Headlines

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