Litix SpA (MIL:LTX) Cash And Cash Equivalents : €0.63 Mil (As of Dec. 2023)

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What is Litix SpA Cash And Cash Equivalents?

Litix SpA's quarterly cash and cash equivalents increased from . 20 (€0.00 Mil) to Dec. 2022 (€1.11 Mil) but then stayed the same from Dec. 2022 (€1.11 Mil) to Dec. 2023 (€0.63 Mil).

Litix SpA's annual cash and cash equivalents increased from . 20 (€0.00 Mil) to Dec. 2022 (€1.11 Mil) but then declined from Dec. 2022 (€1.11 Mil) to Dec. 2023 (€0.63 Mil).

Litix SpA Cash And Cash Equivalents Historical Data

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

Litix SpA Annual Data

Trend

Dec22

Dec23

Cash And Cash Equivalents

1.11

0.63

Litix SpA Semi-Annual Data
	Dec22	Dec23
Cash And Cash Equivalents	1.11	0.63

Litix 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.

Litix SpA (MIL:LTX) 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.

Litix SpA Cash And Cash Equivalents Related Terms

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Litix SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Litix SpA (MIL:LTX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Via Fantiscritti snc, Carrara, ITA, 54033

Website

https://litix2.devworks.it

Litix SpA is a company active in the artistic marble processing sector. Its products and technologies are divided into the Robotor, Torart, and Aivox business units. The Robotor system is composed of (i) the software for CNC machining, (ii) the anthropomorphic robot, and (iii) accessories for greater control and optimization of the machining process. The Torart business unit uses the anthropomorphic robots of the Robotor business unit to create the works of the greatest architects, designers and artists in the world. Through the Aivox business unit the Group deals with both the development of products, processes and technologies, and 3D printing production.

Litix SpA Headlines

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