Synsam AB (OSTO:SYNSAM) Cash And Cash Equivalents : kr568 Mil (As of Mar. 2024)

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What is Synsam AB Cash And Cash Equivalents?

Synsam AB's quarterly cash and cash equivalents increased from Sep. 2023 (kr446.00 Mil) to Dec. 2023 (kr545.00 Mil) and increased from Dec. 2023 (kr545.00 Mil) to Mar. 2024 (kr568.00 Mil).

Synsam AB's annual cash and cash equivalents declined from Dec. 2021 (kr755.00 Mil) to Dec. 2022 (kr444.00 Mil) but then increased from Dec. 2022 (kr444.00 Mil) to Dec. 2023 (kr545.00 Mil).

Synsam AB Cash And Cash Equivalents Historical Data

The historical data trend for Synsam AB'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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Synsam AB Cash And Cash Equivalents Chart

Synsam AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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222.90

809.00

755.00

444.00

545.00

Synsam AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial												502.00	479.00	446.00	545.00	568.00

Synsam AB 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.

Synsam AB (OSTO:SYNSAM) 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.

Synsam AB Cash And Cash Equivalents Related Terms

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Synsam AB (OSTO:SYNSAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Synsam AB (OSTO:SYNSAM) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

9FZ:Germany

Address

Sankt Eriksgatan 60, Stockholm, SWE, 112 34

Website

https://www.synsamgroup.com

Synsam AB is a lifestyle company in optics and eye health in the Nordic region. The company offers a wide and innovative range of products in physical and digital stores. It also offers several subscription services as well as the opportunity to virtually try out entire range of glasses on mobile.

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