Salzgitter AG (Salzgitter AG) Cash And Cash Equivalents : $802 Mil (As of Mar. 2024)

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What is Salzgitter AG Cash And Cash Equivalents?

Salzgitter AG's quarterly cash and cash equivalents declined from Sep. 2023 ($1,224.12 Mil) to Dec. 2023 ($1,024.76 Mil) but then stayed the same from Dec. 2023 ($1,024.76 Mil) to Mar. 2024 ($801.85 Mil).

Salzgitter AG's annual cash and cash equivalents increased from Dec. 2021 ($838.19 Mil) to Dec. 2022 ($1,047.03 Mil) but then declined from Dec. 2022 ($1,047.03 Mil) to Dec. 2023 ($1,024.76 Mil).

Salzgitter AG Cash And Cash Equivalents Historical Data

The historical data trend for Salzgitter AG'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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Salzgitter AG Cash And Cash Equivalents Chart

Salzgitter AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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778.33

755.96

838.19

1,047.03

1,024.76

Salzgitter AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,098.50	1,004.98	1,224.12	1,024.76	801.85

Salzgitter AG 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.

Salzgitter AG (OTCPK:SZGPY) 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.

Salzgitter AG Cash And Cash Equivalents Related Terms

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Salzgitter AG (Salzgitter AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salzgitter AG (OTCPK:SZGPY) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

SZGd:UK 0G77:UK SZG:Germany SZG:Germany SZG:Germany SZG:Germany

Address

Eisenhüttenstrasse 99, Salzgitter, DEU, 38239

Website

https://www.salzgitter-ag.com

Salzgitter AG is a German-based steel & technology company. The segments of the company are Steel Production, Steel Processing, Trading, & Technology business. The majority is derived from the trading segment. Steel Production Business Unit manufactures high-quality branded steel & special steel. Steel Processing Business Unit produce a broad spectrum of high-grade plate products. Trading Business Unit operates a tightly-knit European sales network & trading companies & agencies that ensure that Salzgitter Group's products & services are marketed efficiently. Technology Business Unit operates in the filling & packing technology segment, as well as in special machinery engineering for shoe manufacturing & elastomer production. Geographically, the majority is derived from domestic markets.