Sumitomo Realty & Development Co (FRA:RL2) Cash And Cash Equivalents : €1,364 Mil (As of Dec. 2023)

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What is Sumitomo Realty & Development Co Cash And Cash Equivalents?

Sumitomo Realty & Development Co's quarterly cash and cash equivalents increased from Jun. 2023 (€1,326.11 Mil) to Sep. 2023 (€1,488.27 Mil) but then stayed the same from Sep. 2023 (€1,488.27 Mil) to Dec. 2023 (€1,364.00 Mil).

Sumitomo Realty & Development Co's annual cash and cash equivalents increased from Mar. 2022 (€1,159.28 Mil) to Mar. 2023 (€1,293.55 Mil) but then declined from Mar. 2023 (€1,293.55 Mil) to Mar. 2024 (€638.09 Mil).

Sumitomo Realty & Development Co Cash And Cash Equivalents Historical Data

The historical data trend for Sumitomo Realty & Development Co'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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Sumitomo Realty & Development Co Cash And Cash Equivalents Chart

Sumitomo Realty & Development Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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1,642.10

1,455.45

1,159.28

1,293.55

638.09

Sumitomo Realty & Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,293.55	1,326.11	1,488.27	1,364.00	638.09

Sumitomo Realty & Development Co 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.

Sumitomo Realty & Development Co (FRA:RL2) 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.

Sumitomo Realty & Development Co Cash And Cash Equivalents Related Terms

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Sumitomo Realty & Development Co (FRA:RL2) Business Description

Industry

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SURDF:USA 8830:Japan

Address

Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo, JPN, 163-0820

Website

http://www.sumitomo-rd.co.jp

Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

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