Cerence (MEX:CRNC) Cash And Cash Equivalents : MXN2,392 Mil (As of Sep. 2024)

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What is Cerence Cash And Cash Equivalents?

Cerence's quarterly cash and cash equivalents increased from Mar. 2024 (MXN1,645.95 Mil) to Jun. 2024 (MXN2,116.38 Mil) and increased from Jun. 2024 (MXN2,116.38 Mil) to Sep. 2024 (MXN2,392.08 Mil).

Cerence's annual cash and cash equivalents declined from Sep. 2022 (MXN1,907.85 Mil) to Sep. 2023 (MXN1,761.99 Mil) but then increased from Sep. 2023 (MXN1,761.99 Mil) to Sep. 2024 (MXN2,392.08 Mil).

Cerence Cash And Cash Equivalents Historical Data

The historical data trend for Cerence'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.

Cerence Cash And Cash Equivalents Chart

Cerence Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash And Cash Equivalents

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3,005.86

2,640.74

1,907.85

1,761.99

2,392.08

Cerence 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															1,761.99	1,675.97	1,645.95	2,116.38	2,392.08

Cerence 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.

Cerence (MEX:CRNC) 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.

Cerence Cash And Cash Equivalents Related Terms

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Cerence Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cerence Inc (MEX:CRNC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CRNC:USA 0S6:Germany

Address

25 Mall Road, Suite 416, Burlington, MA, USA, 01803

Website

https://www.cerence.com

Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, the Middle East, Africa; Japan, and Other Asia-Pacific.