Sipef (FRA:BZ3) Cash And Cash Equivalents : €14.5 Mil (As of Jun. 2024)

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What is Sipef Cash And Cash Equivalents?

Sipef's quarterly cash and cash equivalents declined from Jun. 2023 (€36.29 Mil) to Dec. 2023 (€10.59 Mil) but then increased from Dec. 2023 (€10.59 Mil) to Jun. 2024 (€14.54 Mil).

Sipef's annual cash and cash equivalents increased from Dec. 2021 (€17.65 Mil) to Dec. 2022 (€32.24 Mil) but then declined from Dec. 2022 (€32.24 Mil) to Dec. 2023 (€10.59 Mil).

Sipef Cash And Cash Equivalents Historical Data

The historical data trend for Sipef'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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Sipef Cash And Cash Equivalents Chart

Sipef Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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9.59

8.05

17.65

32.24

10.59

Sipef Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															35.97	32.24	36.29	10.59	14.54

Sipef 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.

Sipef (FRA:BZ3) 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.

Sipef Cash And Cash Equivalents Related Terms

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Sipef Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sipef SA (FRA:BZ3) » Definitions » Cash And Cash Equivalents

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0JSU:UK SIP:Belgium

Address

Calesbergdreef 5, Kasteel Calesberg, Schoten, BEL, B-2900

Website

https://www.sipef.com

Sipef SA is a Belgium-based agro-industrial company. The company operates through five segments, namely Palm segment consisting of palm kernels and palm kernel oil in Indonesia and Papua New Guinea; the Rubber segment produces a variety of rubber products such as ribbed smoked sheets, scraps, and lumps; the Tea segment includes the sale of cut, tear, curl (CTC) tea brand; Bananas and horticulture segment includes the sale of bananas and horticulture originating from Ivory Coast; and Corporate segment includes administrative activities of the company. The company generates the majority of its revenue from the Palm segment. Its geographical segments are Indonesia, PNG, Cote d'Ivoire, Singapore, and Europe.

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