GEL SpA (MIL:GEL) Cash, Cash Equivalents, Marketable Securities : €1.42 Mil (As of Jun. 2023)

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What is GEL SpA Cash, Cash Equivalents, Marketable Securities?

GEL SpA's quarterly cash, cash equivalents, marketable securities declined from Jun. 2022 (€3.10 Mil) to Dec. 2022 (€2.17 Mil) but then stayed the same from Dec. 2022 (€2.17 Mil) to Jun. 2023 (€1.42 Mil).

GEL SpA's annual cash, cash equivalents, marketable securities increased from Dec. 2020 (€4.53 Mil) to Dec. 2021 (€4.64 Mil) but then declined from Dec. 2021 (€4.64 Mil) to Dec. 2022 (€2.17 Mil).

GEL SpA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for GEL SpA'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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GEL SpA Cash, Cash Equivalents, Marketable Securities Chart

GEL SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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1.90

4.80

4.53

4.64

2.17

GEL SpA 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											4.15	4.64	3.10	2.17	1.42

GEL SpA 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.

GEL SpA (MIL:GEL) 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.

GEL SpA Cash, Cash Equivalents, Marketable Securities Related Terms

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GEL SpA (MIL:GEL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Via Enzo Ferrari, 1, Castelfidardo, ITA, 60022

Website

http://www.gel.it

GEL SpA is an Italian company engaged in the business of designing and manufacturing products to treat water. The company offers filters, softeners, dosers, reverse osmosis, and conditioners to its clients. It also provides water treatment services for the following divisions - Medical, Food, and Mobile Installations. Desalination services and leachate treatment services are also provided by the company.