Infortar AS (OTSE:INF1T) Cash And Cash Equivalents : €185 Mil (As of Jun. 2024)

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What is Infortar AS Cash And Cash Equivalents?

Infortar AS's quarterly cash and cash equivalents increased from Dec. 2023 (€87.12 Mil) to Mar. 2024 (€179.53 Mil) and increased from Mar. 2024 (€179.53 Mil) to Jun. 2024 (€185.24 Mil).

Infortar AS's annual cash and cash equivalents increased from Dec. 2021 (€45.18 Mil) to Dec. 2022 (€60.00 Mil) and increased from Dec. 2022 (€60.00 Mil) to Dec. 2023 (€87.12 Mil).

Infortar AS Cash And Cash Equivalents Historical Data

The historical data trend for Infortar 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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Infortar AS Cash And Cash Equivalents Chart

Infortar AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

22.76

45.18

60.00

87.12

Infortar AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial					-	90.46	87.12	179.53	185.24

Infortar 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.

Infortar AS (OTSE:INF1T) 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.

Infortar AS Cash And Cash Equivalents Related Terms

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Infortar AS Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

X8K:Germany

Address

Sadama 5, Tallinn, EST, 10111

Website

https://www.infortar.ee

Infortar AS is an investment holding company in the Baltics. The group focus is on four segment areas which are energy, shipping, real estate, and others. Energy segment consisting of natural gas and electricity trade and sale, natural gas distribution service, sale and bunkering of liquefied natural gas, sale of compressed gas, biomethane production, and solar electricity production, Real estate segment consisting of hotels, office buildings, logistics center, and other real estate object, and Other segment which predominantly includes construction, drug and pharmacy wholesale, building materials, printing, taxicab, and other activities.

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