Parmalat SpA (Parmalat SpA) Cash And Cash Equivalents : $441 Mil (As of Jun. 2018)

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What is Parmalat SpA Cash And Cash Equivalents?

Parmalat SpA's quarterly cash and cash equivalents increased from Jun. 2017 ($473.93 Mil) to Dec. 2017 ($563.43 Mil) but then stayed the same from Dec. 2017 ($563.43 Mil) to Jun. 2018 ($440.54 Mil).

Parmalat SpA's annual cash and cash equivalents increased from Dec. 2015 ($581.16 Mil) to Dec. 2016 ($780.70 Mil) but then declined from Dec. 2016 ($780.70 Mil) to Dec. 2017 ($563.43 Mil).

Parmalat SpA Cash And Cash Equivalents Historical Data

The historical data trend for Parmalat SpA'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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Parmalat SpA Cash And Cash Equivalents Chart

Parmalat SpA Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Cash And Cash Equivalents

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1,288.08

1,427.00

581.16

780.70

563.43

Parmalat SpA Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Cash And Cash Equivalents	Get a 7-Day Free Trial															450.11	780.70	473.93	563.43	440.54

Parmalat SpA 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.

Parmalat SpA (GREY:PMLAY) 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.

Parmalat SpA Cash And Cash Equivalents Related Terms

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Parmalat SpA (Parmalat SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Parmalat SpA (GREY:PMLAY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Via delle Nazioni Unite 4, Collecchio, ITA, 43044

Website

http://www.parmalat.com

Parmalat SpA primarily produces, markets, and distributes milk products and fruit-based drinks under a number of brand names such as Bern, Lactis, Gold, and Solac. The company's products are categorised into milk products such as fresh milk, milk powders, condensed milk and cream; cheese and other fresh products such as yogurt, desserts, and butter; and fruit beverages such as juices, nectars, and tea. The milk sales contribute the majority of the total revenue. Parmalat has operations throughout the world with five geographic operating segments: Europe, North America, Latin America, Africa, and Oceania. Among all the countries in which the firm operates, Italy contributes the vast majority of total sales.

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