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Ecomembrane SpA (MIL:ECMB) Cash And Cash Equivalents : €7.48 Mil (As of Dec. 2023)


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What is Ecomembrane SpA Cash And Cash Equivalents?

Ecomembrane SpA's quarterly cash and cash equivalents increased from Dec. 2022 (€1.67 Mil) to Jun. 2023 (€9.11 Mil) but then stayed the same from Jun. 2023 (€9.11 Mil) to Dec. 2023 (€7.48 Mil).

Ecomembrane SpA's annual cash and cash equivalents increased from Dec. 2021 (€1.55 Mil) to Dec. 2022 (€1.67 Mil) and increased from Dec. 2022 (€1.67 Mil) to Dec. 2023 (€7.48 Mil).


Ecomembrane SpA Cash And Cash Equivalents Historical Data

The historical data trend for Ecomembrane SpA'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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Ecomembrane SpA Cash And Cash Equivalents Chart

Ecomembrane SpA Annual Data
Trend Dec21 Dec22 Dec23
Cash And Cash Equivalents
1.55 1.67 7.48

Ecomembrane SpA Semi-Annual Data
Dec21 Dec22 Jun23 Dec23
Cash And Cash Equivalents 1.55 1.67 9.11 7.48

Ecomembrane SpA 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.


Ecomembrane SpA  (MIL:ECMB) 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.


Ecomembrane SpA Cash And Cash Equivalents Related Terms

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Ecomembrane SpA (MIL:ECMB) Business Description

Traded in Other Exchanges
N/A
Address
Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030
Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

Ecomembrane SpA (MIL:ECMB) Headlines

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