Panamax Aktiengesellschaft (FRA:ICP) Cash, Cash Equivalents, Marketable Securities : €0.08 Mil (As of Dec. 2023)

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What is Panamax Aktiengesellschaft Cash, Cash Equivalents, Marketable Securities?

Panamax Aktiengesellschaft's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (€0.02 Mil) to Jun. 2023 (€0.00 Mil) but then increased from Jun. 2023 (€0.00 Mil) to Dec. 2023 (€0.08 Mil).

Panamax Aktiengesellschaft's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (€0.07 Mil) to Dec. 2022 (€0.02 Mil) but then increased from Dec. 2022 (€0.02 Mil) to Dec. 2023 (€0.08 Mil).

Panamax Aktiengesellschaft Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Panamax Aktiengesellschaft'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.

* Premium members only.

Panamax Aktiengesellschaft Cash, Cash Equivalents, Marketable Securities Chart

Panamax Aktiengesellschaft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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0.40

0.07

0.02

0.08

Panamax Aktiengesellschaft Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															0.07	-	0.02	-	0.08

Panamax Aktiengesellschaft 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.

Panamax Aktiengesellschaft (FRA:ICP) 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.

Panamax Aktiengesellschaft Cash, Cash Equivalents, Marketable Securities Related Terms

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Panamax Aktiengesellschaft (FRA:ICP) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Panamax Aktiengesellschaft (FRA:ICP) » Definitions » Cash, Cash Equivalents, Marketable Securities

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ICP:Germany

Address

Strasse 10, Muenchener, Frankfurt am Main, Frankfurt, HE, DEU, 60329

Website

https://www.panamax.ag

Panamax Aktiengesellschaft is a Germany-based investment company. It focuses on investing in various sectors, such as environmental technology, financial services, IT, e-business, health products, as well as services and products for small children and babies. The corporate purpose of Panamax Aktiengesellschaft is the formation of corporations and partnerships as well as the acquisition, management, and sale of investments in corporations and partnerships, exclusively in its own name and with its own assets and the provision of management services, in particular accounting, controlling, non-regulatory financing services and marketing.