Next Geosolutions Europe SpA (MIL:NXT) Cash, Cash Equivalents, Marketable Securities : €27.2 Mil (As of Jun. 2024)

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What is Next Geosolutions Europe SpA Cash, Cash Equivalents, Marketable Securities?

Next Geosolutions Europe SpA's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 (€0.00 Mil) to Dec. 2023 (€17.78 Mil) and increased from Dec. 2023 (€17.78 Mil) to Jun. 2024 (€27.24 Mil).

Next Geosolutions Europe SpA's annual cash, cash equivalents, marketable securities increased from . 20 (€0.00 Mil) to Dec. 2022 (€10.25 Mil) and increased from Dec. 2022 (€10.25 Mil) to Dec. 2023 (€17.78 Mil).

Next Geosolutions Europe SpA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Next Geosolutions Europe 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.

* Premium members only.

Next Geosolutions Europe SpA Cash, Cash Equivalents, Marketable Securities Chart

Next Geosolutions Europe SpA Annual Data

Trend

Dec22

Dec23

Dec24

Cash, Cash Equivalents, Marketable Securities

10.25

17.78

84.34

Next Geosolutions Europe SpA Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Cash, Cash Equivalents, Marketable Securities	10.25	-	17.78	27.24	84.34

Next Geosolutions Europe 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.

Next Geosolutions Europe SpA (MIL:NXT) 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.

Next Geosolutions Europe SpA Cash, Cash Equivalents, Marketable Securities Related Terms

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Next Geosolutions Europe SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Next Geosolutions Europe SpA (MIL:NXT) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

LV8:Germany

Address

Via S.Brigida, 39, Napoli, ITA, 80133

Website

https://www.nextgeo.eu

Next Geosolutions Europe SpA operates in the underwater survey sector, offering marine geoscience services to support the engineering and construction of infrastructures in the EMEA market in favor of companies operating mainly in the sectors of submarine electrical cables and energy renewables (in particular, wind energy) and, to a lesser extent, in the sector Offshore Oil&Gas. The Group operates in different geographical areas; in particular: in the area of the Mediterranean Sea, with particular reference to the area of the Eastern Mediterranean, the Baltic Sea, the North Sea, and the Eastern Atlantic Ocean.