Espe SpA (MIL:ESPE) Cash And Cash Equivalents : €0.45 Mil (As of Jun. 2023)

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What is Espe SpA Cash And Cash Equivalents?

Espe SpA's quarterly cash and cash equivalents increased from Jun. 2022 (€0.00 Mil) to Dec. 2022 (€1.27 Mil) but then stayed the same from Dec. 2022 (€1.27 Mil) to Jun. 2023 (€0.45 Mil).

Espe SpA's annual cash and cash equivalents increased from . 20 (€0.00 Mil) to Dec. 2021 (€1.56 Mil) but then declined from Dec. 2021 (€1.56 Mil) to Dec. 2022 (€1.27 Mil).

Espe SpA Cash And Cash Equivalents Historical Data

The historical data trend for Espe 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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Espe SpA Cash And Cash Equivalents Chart

Espe SpA Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.56

1.27

3.20

Espe SpA Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	1.56	-	1.27	0.45	3.20

Espe 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.

Espe SpA (MIL:ESPE) 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.

Espe SpA Cash And Cash Equivalents Related Terms

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Espe SpA (MIL:ESPE) Business Description

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Espe SpA is a company which is producers of cutting edge solutions. They are born as installers of industrial electrical systems, over the years they have accumulated a rich wealth of experience, expanding its activities in the field of installation of photovoltaic systems and in the direct production of innovative technologies in the small wind, hydroelectric and biomass sectors.

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