DSM Firmenich AG (DSM Firmenich AG) Cash, Cash Equivalents, Marketable Securities : $2,795 Mil (As of Dec. 2023)

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What is DSM Firmenich AG Cash, Cash Equivalents, Marketable Securities?

DSM Firmenich AG's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 ($3,050.85 Mil) to Jun. 2023 ($3,672.81 Mil) but then stayed the same from Jun. 2023 ($3,672.81 Mil) to Dec. 2023 ($2,794.98 Mil).

DSM Firmenich AG's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($3,050.85 Mil) but then declined from Dec. 2022 ($3,050.85 Mil) to Dec. 2023 ($2,794.98 Mil).

DSM Firmenich AG Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for DSM Firmenich AG's Cash, Cash Equivalents, Marketable Securities 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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DSM Firmenich AG Cash, Cash Equivalents, Marketable Securities Chart

DSM Firmenich AG Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

3,050.85

2,794.98

DSM Firmenich AG Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	-	3,830.87	3,050.85	3,672.81	2,794.98

DSM Firmenich AG Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

DSM Firmenich AG (OTCPK:DSFIY) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

DSM Firmenich AG Cash, Cash Equivalents, Marketable Securities Related Terms

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DSM Firmenich AG (DSM Firmenich AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DSM Firmenich AG (OTCPK:DSFIY) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

DSMFF:USA DSFIR:Netherlands DSFIR:Mexico DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria

Address

Wurmisweg 576, Kaiseraugst, CHE, 4303

Website

https://www.dsm-firmenich.com/corporate/home.html

DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

DSM Firmenich AG (DSM Firmenich AG) Headlines

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