RHI Magnesita NV (RHI Magnesita NV) Cash And Cash Equivalents : $756 Mil (As of Dec. 2023)

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What is RHI Magnesita NV Cash And Cash Equivalents?

RHI Magnesita NV's quarterly cash and cash equivalents increased from Dec. 2022 ($527.01 Mil) to Jun. 2023 ($823.08 Mil) but then stayed the same from Jun. 2023 ($823.08 Mil) to Dec. 2023 ($756.38 Mil).

RHI Magnesita NV's annual cash and cash equivalents declined from Dec. 2021 ($649.83 Mil) to Dec. 2022 ($527.01 Mil) but then increased from Dec. 2022 ($527.01 Mil) to Dec. 2023 ($756.38 Mil).

RHI Magnesita NV Cash And Cash Equivalents Historical Data

The historical data trend for RHI Magnesita NV'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.

* Premium members only.

RHI Magnesita NV Cash And Cash Equivalents Chart

RHI Magnesita NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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493.22

688.08

649.83

527.01

756.38

RHI Magnesita NV Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial									649.83	468.71	527.01	823.08	756.38

RHI Magnesita NV 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.

RHI Magnesita NV (OTCPK:RMGNF) 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.

RHI Magnesita NV Cash And Cash Equivalents Related Terms

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RHI Magnesita NV (RHI Magnesita NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RHI Magnesita NV (OTCPK:RMGNF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

RHIMl:UK RHIM:UK RHF:Germany RHIM:Austria

Address

Kranichberggasse 6, Vienna, AUT, 1120

Website

https://www.rhimagnesita.com

RHI Magnesita NV operates in the refractory industry. The core activities of the group comprise the development and production as well as the sale, installation, and maintenance of refractory products and systems. It has two main operating segments, Steel and Industrial. The Steel segment specializes in supporting customers in the steel-producing and steel-processing industry. Its Industrial segment serves customers in the glass, cement/lime, nonferrous metals and environment, energy, chemicals Industries. The company generates maximum revenue from the Steel segment. Its geographical markets are Europe, North America, Asia Pacific, South America, and MEA-CIS.

RHI Magnesita NV (RHI Magnesita NV) Headlines

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