ERELY (Eregli Demir Ve Celik Fabrikalari TAS) Cash And Cash Equivalents : $1,407 Mil (As of Sep. 2024)

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What is Eregli Demir Ve Celik Fabrikalari TAS Cash And Cash Equivalents?

Eregli Demir Ve Celik Fabrikalari TAS's quarterly cash and cash equivalents increased from Mar. 2024 ($763.19 Mil) to Jun. 2024 ($874.13 Mil) and increased from Jun. 2024 ($874.13 Mil) to Sep. 2024 ($1,406.61 Mil).

Eregli Demir Ve Celik Fabrikalari TAS's annual cash and cash equivalents declined from Dec. 2021 ($1,710.45 Mil) to Dec. 2022 ($813.97 Mil) but then increased from Dec. 2022 ($813.97 Mil) to Dec. 2023 ($827.87 Mil).

Eregli Demir Ve Celik Fabrikalari TAS Cash And Cash Equivalents Historical Data

The historical data trend for Eregli Demir Ve Celik Fabrikalari TAS'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.

Eregli Demir Ve Celik Fabrikalari TAS Cash And Cash Equivalents Chart

Eregli Demir Ve Celik Fabrikalari TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,809.66

1,756.01

1,710.45

813.97

827.87

Eregli Demir Ve Celik Fabrikalari TAS 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															723.97	827.87	763.19	874.13	1,406.61

Eregli Demir Ve Celik Fabrikalari TAS 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.

Eregli Demir Ve Celik Fabrikalari TAS (OTCPK:ERELY) 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.

Eregli Demir Ve Celik Fabrikalari TAS Cash And Cash Equivalents Related Terms

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Eregli Demir Ve Celik Fabrikalari TAS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Eregli Demir Ve Celik Fabrikalari TAS (OTCPK:ERELY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

EREGL:Turkey EDVA:Germany

Address

Barbaros Mahallesi Ardic Sok No: 6, Atasehir, Istanbul, TUR, 34746

Website

https://www.erdemir.com.tr

Eregli Demir Ve Celik Fabrikalari TAS is a Turkey-based company engaged in production of flat steel, long steel and other steel products. The company also provides engineering and project management services, as well as port services. As well, the company owns an iron ore mining arm. The company's steel products include hot-rolled product, cold-rolled product, galvanized products, metal packaging steel, billet, wire-rod, etc. These products are used in the automotive sector, manufacturing industry, projected works, consumer products, packaging industries and others. Most of the company's revenue comes from the Turkish domestic market.