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Nordic Technology Group AS (OSL:NTG) Cash And Cash Equivalents : kr6.23 Mil (As of Jun. 2024)


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What is Nordic Technology Group AS Cash And Cash Equivalents?

Nordic Technology Group AS's quarterly cash and cash equivalents declined from Jun. 2023 (kr45.41 Mil) to Dec. 2023 (kr7.10 Mil) but then stayed the same from Dec. 2023 (kr7.10 Mil) to Jun. 2024 (kr6.23 Mil).

Nordic Technology Group AS's annual cash and cash equivalents declined from Dec. 2021 (kr151.95 Mil) to Dec. 2022 (kr51.57 Mil) and declined from Dec. 2022 (kr51.57 Mil) to Dec. 2023 (kr7.10 Mil).

Nordic Technology Group AS Cash And Cash Equivalents Historical Data

The historical data trend for Nordic Technology Group AS'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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Nordic Technology Group AS Cash And Cash Equivalents Chart

Nordic Technology Group AS Annual Data
Trend Dec21 Dec22 Dec23
Cash And Cash Equivalents
151.95 51.57 7.10

Nordic Technology Group AS Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Cash And Cash Equivalents 51.57 45.41 7.10 6.23

Nordic Technology Group AS 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.

Nordic Technology Group AS  (OSL:NTG) 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.

Nordic Technology Group AS Cash And Cash Equivalents Related Terms

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Nordic Technology Group AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nordic Technology Group AS (OSL:NTG) » Definitions » Cash And Cash Equivalents
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OSL:ININ TSE:6861 GRMN KEYS FTV OSTO:HEXA B TDY TRMB COHR TSE:7701 MKSI BMI CGNX SZSE:300114 NOVT VNT TPE:2360 ITRI SZSE:002414 ST
Traded in Other Exchanges
UA5:Germany
Address
Tollbugata 24, Oslo, NOR, 0157
Website
https://www.ntechgroup.no
Nordic Technology Group AS operates within the technology industry, focusing on accelerating and maximizing the value of disrupting technology innovations. The business of the company is divided into three technology segments namely, Sensor technology, Nanomaterials technology, and Clean technology.