AS Harju Elekter (OTSE:HAE1T) Cash And Cash Equivalents : €1.4 Mil (As of Mar. 2024)

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What is AS Harju Elekter Cash And Cash Equivalents?

AS Harju Elekter's quarterly cash and cash equivalents increased from Sep. 2023 (€0.60 Mil) to Dec. 2023 (€1.38 Mil) and increased from Dec. 2023 (€1.38 Mil) to Mar. 2024 (€1.44 Mil).

AS Harju Elekter's annual cash and cash equivalents increased from Dec. 2021 (€0.57 Mil) to Dec. 2022 (€9.15 Mil) but then declined from Dec. 2022 (€9.15 Mil) to Dec. 2023 (€1.38 Mil).

AS Harju Elekter Cash And Cash Equivalents Historical Data

The historical data trend for AS Harju Elekter'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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AS Harju Elekter Cash And Cash Equivalents Chart

AS Harju Elekter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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4.88

2.84

0.57

9.15

1.38

AS Harju Elekter Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.03	2.34	0.60	1.38	1.44

AS Harju Elekter 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.

AS Harju Elekter (OTSE:HAE1T) 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.

AS Harju Elekter Cash And Cash Equivalents Related Terms

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AS Harju Elekter (OTSE:HAE1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AS Harju Elekter (OTSE:HAE1T) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

HD8:Germany

Address

Paldiski maantee 31, Keila, EST, 76606

Website

https://www.harjuelekter.com

AS Harju Elekter is an Estonia-based company engaged in the production of electrical equipment. The company operates in two segments including Production and Real estate. The Production segment includes factories producing power distribution and control equipment in Estonia, Finland, Sweden, and Lithuania. The core production of factories consists of equipment for the distribution of medium and low-voltage electricity, various electrical power switching and conversion devices, and automation and control centers for use by the energy, industrial, and maritime sectors, and infrastructure objects. The Real estate segment includes the development, project management, leasing, and other related services of industrial real estate for leasing partners and the group's companies.

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