Prada SpA (Prada SpA) Cash And Cash Equivalents : $752 Mil (As of Dec. 2023)

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What is Prada SpA Cash And Cash Equivalents?

Prada SpA's quarterly cash and cash equivalents declined from Jun. 2023 ($830.20 Mil) to Sep. 2023 ($0.00 Mil) but then increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($751.93 Mil).

Prada SpA's annual cash and cash equivalents increased from Dec. 2021 ($1,109.36 Mil) to Dec. 2022 ($1,156.38 Mil) but then declined from Dec. 2022 ($1,156.38 Mil) to Dec. 2023 ($751.93 Mil).

Prada SpA Cash And Cash Equivalents Historical Data

The historical data trend for Prada 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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Prada SpA Cash And Cash Equivalents Chart

Prada SpA Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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467.85

538.19

1,109.36

1,156.38

751.93

Prada SpA Quarterly Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	1,156.38	830.20	-	751.93

Prada 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.

Prada SpA (OTCPK:PRDSF) 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.

Prada SpA Cash And Cash Equivalents Related Terms

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Prada SpA (Prada SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Prada SpA (OTCPK:PRDSF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PRDSY:USA 01913:Hong Kong PRP:Germany

Address

Via Antonio Fogazzaro, 28, Milan, ITA, 20135

Website

https://www.pradagroup.com

Prada is a family owned holding comprising Prada brand, a younger and more fashion-oriented Miu Miu, and two classic shoe brands: Church's and Car Shoe. The company generates more than EUR 4.2 billion in sales, with almost 90% from the Prada brand. Leather goods make up 50% of retail sales, ready-to-wear 29%, footwear 18%, and licensing (mainly eyewear and fragrances) 3%. Geographically, Asia is the biggest region with 33% of retail sales, followed by Europe at 32%, 21% in the Americas, and 10% in Japan.

Prada SpA (Prada SpA) Headlines

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