Sono Group NV (Sono Group NV) Cash And Cash Equivalents : $10.30 Mil (As of Jun. 2023)

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What is Sono Group NV Cash And Cash Equivalents?

Sono Group NV's quarterly cash and cash equivalents declined from Sep. 2022 ($33.04 Mil) to Dec. 2022 ($32.16 Mil) but then stayed the same from Dec. 2022 ($32.16 Mil) to Jun. 2023 ($10.30 Mil).

Sono Group NV's annual cash and cash equivalents increased from Dec. 2020 ($52.63 Mil) to Dec. 2021 ($150.21 Mil) but then declined from Dec. 2021 ($150.21 Mil) to Dec. 2022 ($32.16 Mil).

Sono Group NV Cash And Cash Equivalents Historical Data

The historical data trend for Sono Group 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.

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Sono Group NV Cash And Cash Equivalents Chart

Sono Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

1.72

0.45

52.63

150.21

32.16

Sono Group NV Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial							113.44	94.90	33.04	32.16	10.30

Sono Group 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.

Sono Group NV (OTCPK:SEVCF) 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.

Sono Group NV Cash And Cash Equivalents Related Terms

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Sono Group NV (Sono Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sono Group NV (OTCPK:SEVCF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Waldmeisterstrasse 76, Munich, DEU, 80935

Website

https://www.sonomotors.com

Sono Group NV is engaged in the field of solar-powered electric mobility. With its proprietary solar technology, the company is able to integrate solar panels into a vehicle's bodywork, using energy captured from the sun to charge the vehicle's battery. The group is engaged in the design and development of its own first solar electric vehicle, the Sion. The company is also involved in process of integrating its solar technology with other manufacturers for different use cases, such as buses, trucks, camper vans, trains, and even boats, to accelerate the transition towards sustainable transportation.