Leoni AG (FRA:LEOA) Cash And Cash Equivalents : €211 Mil (As of Dec. 2022)

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What is Leoni AG Cash And Cash Equivalents?

Leoni AG's quarterly cash and cash equivalents declined from Jun. 2022 (€171.72 Mil) to Sep. 2022 (€122.70 Mil) but then increased from Sep. 2022 (€122.70 Mil) to Dec. 2022 (€210.72 Mil).

Leoni AG's annual cash and cash equivalents declined from Dec. 2020 (€182.44 Mil) to Dec. 2021 (€164.64 Mil) but then increased from Dec. 2021 (€164.64 Mil) to Dec. 2022 (€210.72 Mil).

Leoni AG Cash And Cash Equivalents Historical Data

The historical data trend for Leoni AG'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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Leoni AG Cash And Cash Equivalents Chart

Leoni AG Annual Data

Trend

Dec13

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Dec18

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Dec22

Cash And Cash Equivalents

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151.75

144.21

182.44

164.64

210.72

Leoni AG Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Cash And Cash Equivalents	Get a 7-Day Free Trial															164.64	265.79	171.72	122.70	210.72

Leoni AG 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.

Leoni AG (FRA:LEOA) 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.

Leoni AG Cash And Cash Equivalents Related Terms

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Leoni AG (FRA:LEOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leoni AG (FRA:LEOA) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Marienstrasse 7, Nuremberg, DEU, D-90402

Website

https://www.leoni.com

Leoni AG is a manufacturer of wiring systems used in the automotive, healthcare, communications, and infrastructure industries. The company operates two business segments: wiring systems and wire & cable solutions, which offer entire wiring systems and harnesses, as well as various copper, hybrid, and optical cables and fibers. Its customers include carmakers, automotive suppliers, commercial vehicle manufacturers, the agricultural and special vehicles industry, and makers of power sports vehicles. Leoni generates the largest share of its revenue in Europe, with a focus on Germany and Eastern Europe. The company also has end markets in the Americas and Asia.

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