Soiltech ASA (OSL:STECH) Cash, Cash Equivalents, Marketable Securities : kr33.9 Mil (As of Sep. 2024)

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What is Soiltech ASA Cash, Cash Equivalents, Marketable Securities?

Soiltech ASA's quarterly cash, cash equivalents, marketable securities declined from Dec. 2023 (kr26.78 Mil) to Jun. 2024 (kr25.48 Mil) but then increased from Jun. 2024 (kr25.48 Mil) to Sep. 2024 (kr33.91 Mil).

Soiltech ASA's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (kr39.23 Mil) to Dec. 2022 (kr38.83 Mil) and declined from Dec. 2022 (kr38.83 Mil) to Dec. 2023 (kr26.78 Mil).

Soiltech ASA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Soiltech ASA'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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Soiltech ASA Cash, Cash Equivalents, Marketable Securities Chart

Soiltech ASA Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

39.23

38.83

26.78

Soiltech ASA Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	-	26.78	25.48	33.91

Soiltech ASA 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.

Soiltech ASA (OSL:STECH) 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.

Soiltech ASA Cash, Cash Equivalents, Marketable Securities Related Terms

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Soiltech ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Soiltech ASA (OSL:STECH) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

Koppholen 25, Sandnes, NOR, 4313

Website

https://www.soiltech.no

Soiltech ASA is specializing in the treatment, recycling, and responsible handling of contaminated water and solid industrial waste streams at the site. Its services are Slop treatment, Water treatment, Cutting handling, Cutting treatment, Swarf treatment, Cleaning services, and Other services.

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