Noratis AG (HAM:NUVA) Cash, Cash Equivalents, Marketable Securities : €12.13 Mil (As of Jun. 2023)

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What is Noratis AG Cash, Cash Equivalents, Marketable Securities?

Noratis AG's quarterly cash, cash equivalents, marketable securities increased from Jun. 2022 (€11.24 Mil) to Dec. 2022 (€12.34 Mil) but then stayed the same from Dec. 2022 (€12.34 Mil) to Jun. 2023 (€12.13 Mil).

Noratis AG's annual cash, cash equivalents, marketable securities declined from Dec. 2020 (€31.10 Mil) to Dec. 2021 (€8.77 Mil) but then increased from Dec. 2021 (€8.77 Mil) to Dec. 2022 (€12.34 Mil).

Noratis AG Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Noratis 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.

* Premium members only.

Noratis AG Cash, Cash Equivalents, Marketable Securities Chart

Noratis AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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7.95

7.25

31.10

8.77

12.34

Noratis AG Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											8.01	8.77	11.24	12.34	12.13

Noratis 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.

Noratis AG (HAM:NUVA) 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.

Noratis AG Cash, Cash Equivalents, Marketable Securities Related Terms

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Noratis AG (HAM:NUVA) Business Description

Industry

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NUVA:Germany

Address

Hauptstrasse 129, Eschborn, HE, DEU, 65760

Website

https://www.noratis.de

Noratis AG is a developer of residential property portfolios. The company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. The Company specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations.