Prysmian SpA (MIL:PRY) Cash And Cash Equivalents : €1,741 Mil (As of Dec. 2023)

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What is Prysmian SpA Cash And Cash Equivalents?

Prysmian SpA's quarterly cash and cash equivalents increased from Jun. 2023 (€827.00 Mil) to Sep. 2023 (€996.00 Mil) and increased from Sep. 2023 (€996.00 Mil) to Dec. 2023 (€1,741.00 Mil).

Prysmian SpA's annual cash and cash equivalents declined from Dec. 2021 (€1,702.00 Mil) to Dec. 2022 (€1,285.00 Mil) but then increased from Dec. 2022 (€1,285.00 Mil) to Dec. 2023 (€1,741.00 Mil).

Prysmian SpA Cash And Cash Equivalents Historical Data

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

Prysmian SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,070.00

1,163.00

1,702.00

1,285.00

1,741.00

Prysmian SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,285.00	757.00	827.00	996.00	1,741.00

Prysmian 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.

Prysmian SpA (MIL:PRY) 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.

Prysmian SpA Cash And Cash Equivalents Related Terms

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Prysmian SpA (MIL:PRY) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PRYMY:USA PRYMF:USA PRYm:UK 0NUX:UK AEU:Germany PRY:Austria

Address

Via Chiese 6, MIlan, ITA, 20126

Website

https://www.prysmiangroup.com

Prysmian SpA is an Italian manufacturer of electric power transmission and telecommunications cables and systems. Its business is organized in three segments--Projects, which focuses on the execution of underground and submarine cable projects; Energy Products, which provides power distribution, and industrial and network components; and Telecom, which makes cable systems and connectivity products. More than half of the firm's revenue is generated in the Europe, Middle East, and Africa regions, with the rest coming from North America, Latin America, and Asia-Pacific regions.