Borlease Otomotiv AS (IST:BORLS) Cash And Cash Equivalents : ₺117 Mil (As of Sep. 2023)

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What is Borlease Otomotiv AS Cash And Cash Equivalents?

Borlease Otomotiv AS's quarterly cash and cash equivalents declined from Dec. 2022 (₺50.04 Mil) to Jun. 2023 (₺46.57 Mil) but then increased from Jun. 2023 (₺46.57 Mil) to Sep. 2023 (₺116.98 Mil).

Borlease Otomotiv AS's annual cash and cash equivalents increased from Dec. 2020 (₺295.35 Mil) to Dec. 2021 (₺407.36 Mil) but then declined from Dec. 2021 (₺407.36 Mil) to Dec. 2022 (₺50.04 Mil).

Borlease Otomotiv AS Cash And Cash Equivalents Historical Data

The historical data trend for Borlease Otomotiv 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.

* Premium members only.

Borlease Otomotiv AS Cash And Cash Equivalents Chart

Borlease Otomotiv AS Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

295.35

407.36

50.04

Borlease Otomotiv AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial			-	-	50.04	46.57	116.98

Borlease Otomotiv 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.

Borlease Otomotiv AS (IST:BORLS) 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.

Borlease Otomotiv AS Cash And Cash Equivalents Related Terms

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Borlease Otomotiv AS (IST:BORLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Borlease Otomotiv AS (IST:BORLS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saray Mahallesi, Dr. Adnan Büyükdeniz Cad. 2 Blok, No: 4 Ic Kap? No: 28 Umraniye, Istanbul, TUR

Website

https://www.borlease.com.tr

Borlease Otomotiv AS is a company whose main activity is is to rent all kinds of motorized and non-motorized land vehicles, whether it is owned or otherwise obtained from third parties and institutions. The Company primarily provides operational fleet rental services for all brands of passenger vehicles.

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