Solar Foods Oyj (FRA:H4N) Cash And Cash Equivalents : €9.46 Mil (As of Dec. 2022)

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What is Solar Foods Oyj Cash And Cash Equivalents?

Solar Foods Oyj's quarterly cash and cash equivalents increased from . 20 (€0.00 Mil) to Dec. 2021 (€12.55 Mil) but then stayed the same from Dec. 2021 (€12.55 Mil) to Dec. 2022 (€9.46 Mil).

Solar Foods Oyj's annual cash and cash equivalents declined from Dec. 2021 (€12.55 Mil) to Dec. 2022 (€9.46 Mil) but then increased from Dec. 2022 (€9.46 Mil) to Dec. 2023 (€16.39 Mil).

Solar Foods Oyj Cash And Cash Equivalents Historical Data

The historical data trend for Solar Foods Oyj'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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Solar Foods Oyj Cash And Cash Equivalents Chart

Solar Foods Oyj Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

12.55

9.46

16.39

Solar Foods Oyj Quarterly Data
	Dec21	Dec22	Dec23
Cash And Cash Equivalents	12.55	9.46	16.39

Solar Foods Oyj 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.

Solar Foods Oyj (FRA:H4N) 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.

Solar Foods Oyj Cash And Cash Equivalents Related Terms

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Solar Foods Oyj Business Description

Industry

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Traded in Other Exchanges

SFOODS:Finland

Address

Bull run 11, Vantaa, FIN, 01730

Website

https://www.solarfoods.com

Solar Foods Oyj is a technology company that aims to commercialize food raw materials that nutritionally replace animal-based food and the patented technology platform used to produce them, hydrogen fermentation. Its first commercialized product is Solein, Solein is a protein-rich powder based on a single-celled microbe that occurs in nature. Solar Foods produces Solein as a food protein.

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