Homizy SpA (MIL:HZY) Cash And Cash Equivalents : €3.14 Mil (As of Sep. 2024)

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What is Homizy SpA Cash And Cash Equivalents?

Homizy SpA's quarterly cash and cash equivalents increased from Sep. 2023 (€0.23 Mil) to Mar. 2024 (€2.37 Mil) and increased from Mar. 2024 (€2.37 Mil) to Sep. 2024 (€3.14 Mil).

Homizy SpA's annual cash and cash equivalents declined from Sep. 2022 (€7.33 Mil) to Sep. 2023 (€0.23 Mil) but then increased from Sep. 2023 (€0.23 Mil) to Sep. 2024 (€3.14 Mil).

Homizy SpA Cash And Cash Equivalents Historical Data

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

Homizy SpA Annual Data

Trend

Sep22

Sep23

Sep24

Cash And Cash Equivalents

7.33

0.23

3.14

Homizy SpA Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial			7.33	0.20	0.23	2.37	3.14

Homizy 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.

Homizy SpA (MIL:HZY) 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.

Homizy SpA Cash And Cash Equivalents Related Terms

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Homizy SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Homizy SpA (MIL:HZY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Degli Olivetani 10/12, Milan, ITA, 20123

Website

https://www.homizy.com

Homizy SpA is in the development of a new strategic business line of residential real estate renting through co-living solutions. The company offers a new housing formula for rent: smart; quality; dynamic and economically sustainable for young workers who live or arrive in Milan.

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