Cantourage Group SE (XTER:HIGH) Cash And Cash Equivalents : €1.17 Mil (As of Jun. 2023)

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What is Cantourage Group SE Cash And Cash Equivalents?

Cantourage Group SE's quarterly cash and cash equivalents increased from Jun. 2022 (€0.00 Mil) to Dec. 2022 (€3.38 Mil) but then stayed the same from Dec. 2022 (€3.38 Mil) to Jun. 2023 (€1.17 Mil).

Cantourage Group SE's annual cash and cash equivalents increased from Dec. 2020 (€0.97 Mil) to Dec. 2021 (€1.96 Mil) and increased from Dec. 2021 (€1.96 Mil) to Dec. 2022 (€3.38 Mil).

Cantourage Group SE Cash And Cash Equivalents Historical Data

The historical data trend for Cantourage Group 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.

* Premium members only.

Cantourage Group SE Cash And Cash Equivalents Chart

Cantourage Group SE Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

0.96

0.97

1.96

3.38

Cantourage Group SE Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial			0.97	1.96	-	3.38	1.17

Cantourage Group 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.

Cantourage Group SE (XTER:HIGH) 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.

Cantourage Group SE Cash And Cash Equivalents Related Terms

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Cantourage Group SE (XTER:HIGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cantourage Group SE (XTER:HIGH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

HIGH:Germany

Address

Feurigstrasse 54, Berlin, DEU, 10827

Website

https://www.cantourage.com

Cantourage Group SE is a medical cannabis company. The company offers products in all relevant market segments: dried flowers, extracts, Dronabinol, and pharma-grade Cannabidiol.

Executives

Patrick Hoffmann	Supervisory Board
Dr. Florian Kainzinger	Supervisory Board
Dr. / Dr. Florian / Michael Kainzinger / Ruoff	Supervisory Board
Dr. / Dr. Florian /michael Kainzinger / Ruoff	Supervisory Board
Dr. / Herr Florian / Patrick Holzapfel / Hoffmann	Supervisory Board
Dr. Florian Holzapfel	Supervisory Board
Dr. Michael Ruoff	Supervisory Board