NKT AS (FRA:NKT) Cash And Cash Equivalents : €1,359 Mil (As of Sep. 2024)

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What is NKT AS Cash And Cash Equivalents?

NKT AS's quarterly cash and cash equivalents increased from Mar. 2024 (€858.00 Mil) to Jun. 2024 (€1,504.00 Mil) but then stayed the same from Jun. 2024 (€1,504.00 Mil) to Sep. 2024 (€1,359.00 Mil).

NKT AS's annual cash and cash equivalents increased from Dec. 2021 (€200.50 Mil) to Dec. 2022 (€258.50 Mil) and increased from Dec. 2022 (€258.50 Mil) to Dec. 2023 (€887.90 Mil).

NKT AS Cash And Cash Equivalents Historical Data

The historical data trend for NKT 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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NKT AS Cash And Cash Equivalents Chart

NKT AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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6.90

239.20

200.50

258.50

887.90

NKT AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															863.20	887.90	858.00	1,504.00	1,359.00

NKT 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.

NKT AS (FRA:NKT) 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.

NKT AS Cash And Cash Equivalents Related Terms

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NKT AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NKT AS (FRA:NKT) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

NRKBF:USA NKTc:UK 0MGC:UK NKT:Denmark

Address

Vibeholms Alle 20, Broendby, DNK, 2605

Website

https://www.nkt.com

NKT AS is a Denmark-based holding company that acquires, owns, and manages industrial companies in three business areas: Solutions, Applications, and Service and Accessories. NKT provides cables for power infrastructure, including onshore and offshore power transmission system, and its solutions bring power to interconnections, hydro-electric, and nuclear power plants, including onshore and offshore wind farms, oil and gas platforms, and solar energy. NKT Photonics, a supplier of fiber lasers and photonic crystal fibers. Geographically, the company operates and derives its majority revenue from mainland Europe, but it's also expanding its business to the U.S., China, and the U.K.

NKT AS Headlines

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