SFRGF (Salvatore Ferragamo SpA) Cash And Cash Equivalents : $249 Mil (As of Dec. 2024)

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What is Salvatore Ferragamo SpA Cash And Cash Equivalents?

Salvatore Ferragamo SpA's quarterly cash and cash equivalents declined from Dec. 2023 ($293.34 Mil) to Jun. 2024 ($254.45 Mil) but then stayed the same from Jun. 2024 ($254.45 Mil) to Dec. 2024 ($249.42 Mil).

Salvatore Ferragamo SpA's annual cash and cash equivalents declined from Dec. 2022 ($414.57 Mil) to Dec. 2023 ($293.34 Mil) and declined from Dec. 2023 ($293.34 Mil) to Dec. 2024 ($249.42 Mil).

Salvatore Ferragamo SpA Cash And Cash Equivalents Historical Data

The historical data trend for Salvatore Ferragamo 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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Salvatore Ferragamo SpA Cash And Cash Equivalents Chart

Salvatore Ferragamo SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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398.88

578.30

414.57

293.34

249.42

Salvatore Ferragamo SpA Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															414.57	303.45	293.34	254.45	249.42

Salvatore Ferragamo 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.

Salvatore Ferragamo SpA (OTCPK:SFRGF) 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.

Salvatore Ferragamo SpA Cash And Cash Equivalents Related Terms

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Salvatore Ferragamo SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Salvatore Ferragamo SpA (OTCPK:SFRGF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SFRGY:USA SFER:Italy SFERm:UK 0P52:UK S9L:Germany SFER:Austria

Address

Via dei Tornabuoni 2, Firenze, ITA, 50123

Website

http://www.ferragamo.com

Founded in 1927, Salvatore Ferragamo is an Italian monobrand company mainly known for its footwear and accessories. The company generates about 45% of revenue in the fragmented footwear category, 40% in leather goods, 6% in apparel, and 7% in accessories. It was one of the pioneers in establishing a presence in Asia, where it generates 32% of sales and other emerging markets (8% of sales in Central and South America). Ferragamo generates 24% of revenue in Europe, 28% in the US, and 8% in Japan.