Philip Morris CR AS (XPRA:TABAK) Cash And Cash Equivalents : Kč7,526 Mil (As of Dec. 2023)

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What is Philip Morris CR AS Cash And Cash Equivalents?

Philip Morris CR AS's quarterly cash and cash equivalents declined from Dec. 2022 (Kč7,631.00 Mil) to Jun. 2023 (Kč5,037.00 Mil) but then increased from Jun. 2023 (Kč5,037.00 Mil) to Dec. 2023 (Kč7,526.00 Mil).

Philip Morris CR AS's annual cash and cash equivalents declined from Dec. 2021 (Kč9,290.00 Mil) to Dec. 2022 (Kč7,631.00 Mil) and declined from Dec. 2022 (Kč7,631.00 Mil) to Dec. 2023 (Kč7,526.00 Mil).

Philip Morris CR AS Cash And Cash Equivalents Historical Data

The historical data trend for Philip Morris CR 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.

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Philip Morris CR AS Cash And Cash Equivalents Chart

Philip Morris CR AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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6,431.00

8,209.00

9,290.00

7,631.00

7,526.00

Philip Morris CR AS 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															9,290.00	8,577.00	7,631.00	5,037.00	7,526.00

Philip Morris CR 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.

Philip Morris CR AS (XPRA:TABAK) 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.

Philip Morris CR AS Cash And Cash Equivalents Related Terms

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Philip Morris CR AS (XPRA:TABAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Philip Morris CR AS (XPRA:TABAK) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

TBK:Germany

Address

Karlovo namesti 10, Prague, CZE, 120 00

Website

https://www.philipmorris.cz

Philip Morris CR AS is a Czech Republic-based company active in the tobacco industry. The company is engaged in the production, sale, distribution, and marketing of tobacco products. The company also distributes smoke-free tobacco products under the HEETS name; and IQOS tobacco heating systems and related accessories, as well as cigarettes. It provides its tobacco products primarily under the Marlboro, L&M, Philip Morris, Petra Klasik, Sparta, and Chesterfield brands.

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