Italian Sea Group (MIL:TISG) Cash And Cash Equivalents : €40.3 Mil (As of Jun. 2024)

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What is Italian Sea Group Cash And Cash Equivalents?

Italian Sea Group's quarterly cash and cash equivalents increased from Jun. 2023 (€65.33 Mil) to Dec. 2023 (€76.41 Mil) but then stayed the same from Dec. 2023 (€76.41 Mil) to Jun. 2024 (€40.30 Mil).

Italian Sea Group's annual cash and cash equivalents declined from Dec. 2021 (€85.62 Mil) to Dec. 2022 (€81.32 Mil) and declined from Dec. 2022 (€81.32 Mil) to Dec. 2023 (€76.41 Mil).

Italian Sea Group Cash And Cash Equivalents Historical Data

The historical data trend for Italian Sea Group'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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Italian Sea Group Cash And Cash Equivalents Chart

Italian Sea Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5.76

17.94

85.62

81.32

76.41

Italian Sea Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial						52.77	81.32	65.33	76.41	40.30

Italian Sea Group 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.

Italian Sea Group (MIL:TISG) 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.

Italian Sea Group Cash And Cash Equivalents Related Terms

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Italian Sea Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Italian Sea Group (MIL:TISG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TISGm:UK 6QN:Germany

Address

Viale Cristoforo Colombo, 4Bis, Marina di Carrara, ITA, 54033

Website

https://www.theitalianseagroup.com

Italian Sea Group is engaged in designing, manufacturing, and sales of custom-made luxury superyachts. It is active in the construction and refit of motor yachts and sailing yachts up to 140 meters and operates in the new building market under the Admiral, Tecnomar, Perini Navi, and Picchiotti brands, and is active in the large refit business under the NCA Refit brand. Geographically, the company generates revenue from the Americas, Europe, and Asia-Pacific region.

Italian Sea Group Headlines

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