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RENK Group AG (XTER:R3NK) Cash And Cash Equivalents : €70.3 Mil (As of Sep. 2024)


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What is RENK Group AG Cash And Cash Equivalents?

RENK Group AG's quarterly cash and cash equivalents declined from Mar. 2024 (€101.75 Mil) to Jun. 2024 (€93.84 Mil) but then stayed the same from Jun. 2024 (€93.84 Mil) to Sep. 2024 (€70.34 Mil).

RENK Group AG's annual cash and cash equivalents declined from Dec. 2020 (€186.88 Mil) to Dec. 2021 (€97.55 Mil) but then increased from Dec. 2021 (€97.55 Mil) to Dec. 2022 (€158.68 Mil).

RENK Group AG Cash And Cash Equivalents Historical Data

The historical data trend for RENK Group 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.

* Premium members only.

RENK Group AG Cash And Cash Equivalents Chart

RENK Group AG Annual Data
Trend Dec20 Dec21 Dec22
Cash And Cash Equivalents
186.88 97.55 158.68

RENK Group AG Quarterly Data
Dec20 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only 165.73 - 101.75 93.84 70.34

RENK Group 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.

RENK Group AG  (XTER:R3NK) 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.

RENK Group AG Cash And Cash Equivalents Related Terms

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RENK Group AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » RENK Group AG (XTER:R3NK) » Definitions » Cash And Cash Equivalents
Comparable Companies
Traded in Other Exchanges
R3NKd:UK RENK:Austria
Address
Gogginger street 73, Augsburg, BY, DEU, 86159
Website
https://www.renk.com
RENK Group AG provides vehicle mobility solutions. Its propulsion and drivetrain technology ensures the reliable deployment of forces to set vehicles, vessels, and machinery in motion. The company's business is divided into the following segments; Vehicle Mobility Solutions, Marine and Industry, and Slide Bearings. The Vehicle Mobility Solutions segment which generates maximum revenue, provides technology for the deployment of forces to set vehicles, vessels, and machinery in motion, and also offers products like engines, suspensions, electric drives, and power packs for military vehicles and test systems. Geographically, the company generates maximum revenue from America and the rest from Germany, Asia, Africa, other European countries, Australia and Oceania.
Executives
Susanne Wiegand Board of Directors
Christian Schulz Board of Directors
Claus Von Hermann Supervisory Board
Johannes Meier Supervisory Board
Cécile Dutheil Supervisory Board

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