Nekkar ASA (OSL:NKR) Cash And Cash Equivalents : kr226.7 Mil (As of Jun. 2024)

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What is Nekkar ASA Cash And Cash Equivalents?

Nekkar ASA's quarterly cash and cash equivalents declined from Jun. 2023 (kr236.07 Mil) to Dec. 2023 (kr194.16 Mil) but then increased from Dec. 2023 (kr194.16 Mil) to Jun. 2024 (kr226.73 Mil).

Nekkar ASA's annual cash and cash equivalents increased from Dec. 2021 (kr174.50 Mil) to Dec. 2022 (kr181.28 Mil) and increased from Dec. 2022 (kr181.28 Mil) to Dec. 2023 (kr194.16 Mil).

Nekkar ASA Cash And Cash Equivalents Historical Data

The historical data trend for Nekkar ASA'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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Nekkar ASA Cash And Cash Equivalents Chart

Nekkar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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260.95

355.11

174.50

181.28

194.16

Nekkar ASA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															188.19	181.28	236.07	194.16	226.73

Nekkar ASA 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.

Nekkar ASA (OSL:NKR) 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.

Nekkar ASA Cash And Cash Equivalents Related Terms

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Nekkar ASA Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TTSO:Sweden 0MQC:UK 0TT:Germany

Address

Andoyfaret 15, Kristiansand, NOR, 4623

Website

https://www.nekkar.com

Nekkar ASA is a company based on an industrial philosophy utilizing smart design, digitalization, and electrification to achieve higher efficiency and more sustainable solutions for multiple industries. Its main activities are related to Shipyard Solutions, Digital Solutions, and others. The company generates maximum revenue from the Shipyard Solutions segment. Geographically, it derives a majority of revenue from South Asia and also has a presence in Europe; South East Asia; North East Asia; West Asia; America; Africa, and Australia.