ErreDue SpA (MIL:RDUE) Cash, Cash Equivalents, Marketable Securities : €19.04 Mil (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

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

ErreDue SpA's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (€19.03 Mil) to Jun. 2023 (€18.17 Mil) but then increased from Jun. 2023 (€18.17 Mil) to Dec. 2023 (€19.04 Mil).

ErreDue SpA's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (€7.41 Mil) to Dec. 2022 (€19.03 Mil) and increased from Dec. 2022 (€19.03 Mil) to Dec. 2023 (€19.04 Mil).

ErreDue SpA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for ErreDue 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.

ErreDue SpA Cash, Cash Equivalents, Marketable Securities Chart

ErreDue SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

2.81

4.78

7.41

19.03

19.04

ErreDue SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			7.41	4.61	19.03	18.17	19.04

ErreDue 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.

ErreDue SpA (MIL:RDUE) 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.

ErreDue SpA Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of ErreDue SpA's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

ErreDue SpA (MIL:RDUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ErreDue SpA (MIL:RDUE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via G. Gozzano, 3, Livorno, ITA, 57121

Website

https://www.erreduegas.it

ErreDue SpA designs manufacture and markets solutions for the on-site production, blending, and purification of technical gases (hydrogen produced by electrolysis of water, nitrogen, and oxygen) intended for use in small, medium, and large industrial sites, laboratories, medical applications, applications related to the energy transition. Its range of products comprises High purity Hydrogen generators, High purity Nitrogen generators, Oxygen generators, and Purification systems for Nitrogen, Hydrogen, Oxygen, and complex gas mixtures.

ErreDue SpA (MIL:RDUE) Headlines

No Headlines