PSP Swiss Property AG (PSP Swiss Property AG) Cash And Cash Equivalents : $30.6 Mil (As of Mar. 2024)

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What is PSP Swiss Property AG Cash And Cash Equivalents?

PSP Swiss Property AG's quarterly cash and cash equivalents increased from Sep. 2023 ($27.54 Mil) to Dec. 2023 ($163.83 Mil) but then stayed the same from Dec. 2023 ($163.83 Mil) to Mar. 2024 ($30.63 Mil).

PSP Swiss Property AG's annual cash and cash equivalents increased from Dec. 2021 ($22.13 Mil) to Dec. 2022 ($22.26 Mil) and increased from Dec. 2022 ($22.26 Mil) to Dec. 2023 ($163.83 Mil).

PSP Swiss Property AG Cash And Cash Equivalents Historical Data

The historical data trend for PSP Swiss Property AG'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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PSP Swiss Property AG Cash And Cash Equivalents Chart

PSP Swiss Property AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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20.02

36.40

22.13

22.26

163.83

PSP Swiss Property AG 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															16.72	119.49	27.54	163.83	30.63

PSP Swiss Property AG 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.

PSP Swiss Property AG (OTCPK:PSPSF) 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.

PSP Swiss Property AG Cash And Cash Equivalents Related Terms

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PSP Swiss Property AG (PSP Swiss Property AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PSP Swiss Property AG (OTCPK:PSPSF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PSPSY:USA PSPNz:UK P7S0:Germany PSPN:Switzerland

Address

Kolinplatz 2, Zug, CHE, CH-6300

Website

http://www.psp.info

PSP Swiss Property AG is a general real estate company. The company reports three business units: real estate investments, property management, and holding. The vast majority of revenue is generated by rental income. All PSP property is located in Switzerland. The company considers merger and acquisition investment as a potential component of its operational growth strategy. The company's real estate investment segment invests exclusively in commercial properties, with leases primarily in office and retail property.