LEG Immobilien SE (XSWX:LEG) Cash And Cash Equivalents : CHF275 Mil (As of Mar. 2024)

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What is LEG Immobilien SE Cash And Cash Equivalents?

LEG Immobilien SE's quarterly cash and cash equivalents declined from Sep. 2023 (CHF293.50 Mil) to Dec. 2023 (CHF259.63 Mil) but then increased from Dec. 2023 (CHF259.63 Mil) to Mar. 2024 (CHF275.47 Mil).

LEG Immobilien SE's annual cash and cash equivalents declined from Dec. 2021 (CHF701.00 Mil) to Dec. 2022 (CHF355.77 Mil) and declined from Dec. 2022 (CHF355.77 Mil) to Dec. 2023 (CHF259.63 Mil).

LEG Immobilien SE Cash And Cash Equivalents Historical Data

The historical data trend for LEG Immobilien SE'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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LEG Immobilien SE Cash And Cash Equivalents Chart

LEG Immobilien SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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490.32

359.79

701.00

355.77

259.63

LEG Immobilien SE 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															293.11	323.29	293.50	259.63	275.47

LEG Immobilien SE 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.

LEG Immobilien SE (XSWX:LEG) 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.

LEG Immobilien SE Cash And Cash Equivalents Related Terms

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LEG Immobilien SE (XSWX:LEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » LEG Immobilien SE (XSWX:LEG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

LEGIF:USA 1LEG:Italy LEGd:UK LEG:Germany LEG:Austria

Address

Flughafenstrasse 99, Dusseldorf, NW, DEU, D-40474

Website

http://www.leg.ag

LEG Immobilien SE is a general real estate company. The company's portfolio consists primarily of residential units, followed by garages, parking spaces, and commercial units. The business model is supplemented by the targeted development of innovative value-added services. LEG is primarily focused on the German market of the North Rhine-Westphalia region. The company divides its portfolio into three groups: high growth markets, stable markets, and higher-yielding markets. LEG considers merger and acquisition investment as a potential component of its operational growth strategy.