Safilo Group SpA (Safilo Group SpA) Cash And Cash Equivalents : $82 Mil (As of Dec. 2023)

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What is Safilo Group SpA Cash And Cash Equivalents?

Safilo Group SpA's quarterly cash and cash equivalents declined from Dec. 2022 ($82.32 Mil) to Jun. 2023 ($77.17 Mil) but then increased from Jun. 2023 ($77.17 Mil) to Dec. 2023 ($81.68 Mil).

Safilo Group SpA's annual cash and cash equivalents declined from Dec. 2021 ($111.87 Mil) to Dec. 2022 ($82.32 Mil) and declined from Dec. 2022 ($82.32 Mil) to Dec. 2023 ($81.68 Mil).

Safilo Group SpA Cash And Cash Equivalents Historical Data

The historical data trend for Safilo Group 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.

* Premium members only.

Safilo Group SpA Cash And Cash Equivalents Chart

Safilo Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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71.37

108.23

111.87

82.32

81.68

Safilo Group SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															111.87	83.17	82.32	77.17	81.68

Safilo Group 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.

Safilo Group SpA (OTCPK:SAFLY) 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.

Safilo Group SpA Cash And Cash Equivalents Related Terms

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Safilo Group SpA (Safilo Group SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Safilo Group SpA (OTCPK:SAFLY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SAFLF:USA SFL:Italy 0NJ5:UK S5U5:Germany

Address

Settima Strada, 15, Padua, ITA, 35129

Website

https://www.safilogroup.com

Safilo Group SpA makes sunglasses and prescription eyewear. It is engaged in design, production, and wholesale distribution of its products through a network of independent distributors and commercial subsidiaries. Its products are sold through the Carrera, Smith, Polaroid and Oxydo brands, as well as a range of other licensed brands. The company operates solely through the wholesale segment channels and divides itself into the following four geographical segments: Italy, Europe, America, and Asia. The company earns most of its revenue from the America business segment.

Safilo Group SpA (Safilo Group SpA) Headlines

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