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SVZRF (Svitzer Group AS) Cash And Cash Equivalents : $100.0 Mil (As of Dec. 2024)


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What is Svitzer Group AS Cash And Cash Equivalents?

Svitzer Group AS's quarterly cash and cash equivalents increased from Dec. 2023 ($46.53 Mil) to Jun. 2024 ($116.10 Mil) but then stayed the same from Jun. 2024 ($116.10 Mil) to Dec. 2024 ($99.97 Mil).

Svitzer Group AS's annual cash and cash equivalents declined from Dec. 2022 ($60.80 Mil) to Dec. 2023 ($46.53 Mil) but then increased from Dec. 2023 ($46.53 Mil) to Dec. 2024 ($99.97 Mil).

Svitzer Group AS Cash And Cash Equivalents Historical Data

The historical data trend for Svitzer Group AS'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.

Svitzer Group AS Cash And Cash Equivalents Chart

Svitzer Group AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Cash And Cash Equivalents
66.25 60.80 46.53 99.97

Svitzer Group AS Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Cash And Cash Equivalents Get a 7-Day Free Trial 60.80 - 46.53 116.10 99.97

Svitzer Group AS 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.

Svitzer Group AS  (OTCPK:SVZRF) 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.

Svitzer Group AS Cash And Cash Equivalents Related Terms

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Svitzer Group AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Svitzer Group AS (OTCPK:SVZRF) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
SVITZR:Denmark 9Y1:Germany
Address
Sundkrogsgade 17, Copenhagen, DNK, 2100
Website
https://www.svitzer.com
Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage: In Harbour Towage, company enter into agreements with vessel owners or operators to provide towage services for their vessels in specific ports; and Terminal Towage , company enter into agreements with on and offshore terminal operators or other customers for the delivery of towage services by making a pre-determined number of tugboats, and sometimes other vessels, available to service all vessels that enter or leave the specific terminal. The company operates in various countries such as Australia, Europe, America, AMEA, with majority from Australia.