Openlane (FRA:XKR) Cash And Cash Equivalents : €97 Mil (As of Mar. 2024)

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What is Openlane Cash And Cash Equivalents?

Openlane's quarterly cash and cash equivalents declined from Sep. 2023 (€103.35 Mil) to Dec. 2023 (€85.74 Mil) but then increased from Dec. 2023 (€85.74 Mil) to Mar. 2024 (€96.78 Mil).

Openlane's annual cash and cash equivalents increased from Dec. 2021 (€157.18 Mil) to Dec. 2022 (€213.06 Mil) but then declined from Dec. 2022 (€213.06 Mil) to Dec. 2023 (€85.74 Mil).

Openlane Cash And Cash Equivalents Historical Data

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

Openlane Annual Data

Trend

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Dec23

Cash And Cash Equivalents

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456.84

618.23

157.18

213.06

85.74

Openlane 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															205.11	223.74	103.35	85.74	96.78

Openlane 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.

Openlane (FRA:XKR) 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.

Openlane Cash And Cash Equivalents Related Terms

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Openlane (FRA:XKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Openlane Inc (FRA:XKR) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

KAR:USA

Address

11299 N. Illinois Street, Carmel, IN, USA, 46032

Website

https://corporate.openlane.com

Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.

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