RedFish LongTerm Capital SpA (MIL:RFLTC) Cash, Cash Equivalents, Marketable Securities : €12.27 Mil (As of Jun. 2024)

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What is RedFish LongTerm Capital SpA Cash, Cash Equivalents, Marketable Securities?

RedFish LongTerm Capital SpA's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 (€10.71 Mil) to Dec. 2023 (€10.97 Mil) and increased from Dec. 2023 (€10.97 Mil) to Jun. 2024 (€12.27 Mil).

RedFish LongTerm Capital SpA's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (€4.35 Mil) to Dec. 2022 (€20.69 Mil) but then declined from Dec. 2022 (€20.69 Mil) to Dec. 2023 (€10.97 Mil).

RedFish LongTerm Capital SpA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for RedFish LongTerm Capital 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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RedFish LongTerm Capital SpA Cash, Cash Equivalents, Marketable Securities Chart

RedFish LongTerm Capital SpA Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

4.35

20.69

10.97

RedFish LongTerm Capital SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	20.69	10.71	10.97	12.27

RedFish LongTerm Capital 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.

RedFish LongTerm Capital SpA (MIL:RFLTC) 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.

RedFish LongTerm Capital SpA Cash, Cash Equivalents, Marketable Securities Related Terms

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RedFish LongTerm Capital SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RedFish LongTerm Capital SpA (MIL:RFLTC) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

HN5:Germany

Address

Via del Carmine, 11, Milano, ITA, 20121

Website

https://longterm.redfish.capital

RedFish LongTerm Capital SpA is an industrial holding company specializing in the acquisition of shares in family-run Italian SMEs. The company acquires qualified minority or majority shareholdings with the intention of maintaining these investments over a long period of time, either through its investment or through club deal structures, with the involvement of other investors. The role of the company in the ecosystem of its subsidiaries is to support them in increasing some critical areas by providing them with support services to managers for the financial side, management control and debt optimization, but above all advisory services for the acquisition of Target Companies in order to pursue the development plan for external lines.

RedFish LongTerm Capital SpA Headlines

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