Proximar Seafood AS (FRA:84Q) Cash And Cash Equivalents : €2.78 Mil (As of Mar. 2025)

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What is Proximar Seafood AS Cash And Cash Equivalents?

Proximar Seafood AS's quarterly cash and cash equivalents declined from Sep. 2024 (€9.70 Mil) to Dec. 2024 (€4.76 Mil) but then stayed the same from Dec. 2024 (€4.76 Mil) to Mar. 2025 (€2.78 Mil).

Proximar Seafood AS's annual cash and cash equivalents increased from Dec. 2022 (€2.37 Mil) to Dec. 2023 (€3.21 Mil) and increased from Dec. 2023 (€3.21 Mil) to Dec. 2024 (€4.76 Mil).

Proximar Seafood AS Cash And Cash Equivalents Historical Data

The historical data trend for Proximar Seafood AS'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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Proximar Seafood AS Cash And Cash Equivalents Chart

Proximar Seafood AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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2.65

7.24

2.37

3.21

4.76

Proximar Seafood AS Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash And Cash Equivalents	Get a 7-Day Free Trial													12.18	4.67	9.70	4.76	2.78

Proximar Seafood AS 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.

Proximar Seafood AS (FRA:84Q) 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.

Proximar Seafood AS Cash And Cash Equivalents Related Terms

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Proximar Seafood AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Proximar Seafood AS (FRA:84Q) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PROXI:Norway 84Q:Germany

Address

Damsgardsveien 37, Bergen, NOR, 5058

Website

https://www.proximarseafood.com

Proximar Seafood AS is a land-based salmon farming company in the process of constructing a fish farm for Atlantic salmon in Japan. It produces Atlantic salmon which involves free of medication and without impact from traditional challenges such as lice and microplastics and the fish is isolated from the marine surrounding environment. The company's fish farming is based on the Recirculating Aquaculture System (RAS)-technology, provided by AquaMaof. The company receives eggs on a monthly basis from the StofnFiskur strain in Iceland. The eggs are hatched, nursed, and farmed at its facility by the foot of Mount Fuji, using locally manufactured feed.

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