361 Degrees International (FRA:36L) Cash And Cash Equivalents : €462 Mil (As of Dec. 2023)

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What is 361 Degrees International Cash And Cash Equivalents?

361 Degrees International's quarterly cash and cash equivalents declined from Dec. 2022 (€522.72 Mil) to Jun. 2023 (€457.59 Mil) but then increased from Jun. 2023 (€457.59 Mil) to Dec. 2023 (€461.89 Mil).

361 Degrees International's annual cash and cash equivalents increased from Dec. 2021 (€463.95 Mil) to Dec. 2022 (€522.72 Mil) but then declined from Dec. 2022 (€522.72 Mil) to Dec. 2023 (€461.89 Mil).

361 Degrees International Cash And Cash Equivalents Historical Data

The historical data trend for 361 Degrees International'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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361 Degrees International Cash And Cash Equivalents Chart

361 Degrees International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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439.15

433.84

463.95

522.72

461.89

361 Degrees International 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															463.95	483.73	522.72	457.59	461.89

361 Degrees International 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.

361 Degrees International (FRA:36L) 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.

361 Degrees International Cash And Cash Equivalents Related Terms

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361 Degrees International (FRA:36L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » 361 Degrees International Ltd (FRA:36L) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TSIOF:USA 01361:Hong Kong 36L:Germany

Address

361 Building, Huli High-technology Park, Huli District, Xiamen, Fujian Province, CHN, 361009

Website

http://www.361sport.com

361 Degrees International Ltd is a Chinese manufacturer of sporting goods. The company produces sporting goods. Its segments include adults and kids. 361 Degrees International reports revenue across four product lines: footwear, apparel, accessories, and others. Footwear and apparel are the important product lines, each contributing close to half the company's revenue, and the majority of sales are made across the adult segment. Adults-this segment derives revenue from manufacturing and trading of adult sporting goods. Kids- this segment derives revenue from the trading of kid's sporting goods. The company derives the majority of its revenue domestically.

361 Degrees International (FRA:36L) Headlines

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