Sopra Steria Group (XPAR:SOP) Cash And Cash Equivalents : €192 Mil (As of Dec. 2023)

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What is Sopra Steria Group Cash And Cash Equivalents?

Sopra Steria Group's quarterly cash and cash equivalents declined from Dec. 2022 (€355.90 Mil) to Jun. 2023 (€271.00 Mil) but then stayed the same from Jun. 2023 (€271.00 Mil) to Dec. 2023 (€191.70 Mil).

Sopra Steria Group's annual cash and cash equivalents increased from Dec. 2021 (€217.20 Mil) to Dec. 2022 (€355.90 Mil) but then declined from Dec. 2022 (€355.90 Mil) to Dec. 2023 (€191.70 Mil).

Sopra Steria Group Cash And Cash Equivalents Historical Data

The historical data trend for Sopra Steria Group'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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Sopra Steria Group Cash And Cash Equivalents Chart

Sopra Steria Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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197.50

245.50

217.20

355.90

191.70

Sopra Steria Group 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															217.20	184.90	355.90	271.00	191.70

Sopra Steria Group 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.

Sopra Steria Group (XPAR:SOP) 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.

Sopra Steria Group Cash And Cash Equivalents Related Terms

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Sopra Steria Group (XPAR:SOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sopra Steria Group SA (XPAR:SOP) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

SPPSY:USA SOPp:UK 0NJQ:UK OR8:Germany

Address

9 bis, rue de Presbourg, Paris, FRA, 75116

Website

http://www.sopragroup.com

Sopra Steria Group SA is a digital transformation company. It guides businesses through conversion projects, from the development phase to implementation phase. The firm provides end to end services in the fields of consulting, systems integration, software development, infrastructure management and business process services. It's target markets are financial services, insurance and social welfare, public sector, telecom operators, aerospace and defense, retail and energy sectors. Its geographic segments are France, United Kingdom, Spain, Italy, and Belgium. The company derives the majority of its revenues from France.