Nordisk Bergteknik AB (OSTO:NORB B) Cash, Cash Equivalents, Marketable Securities : kr83 Mil (As of Mar. 2024)

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What is Nordisk Bergteknik AB Cash, Cash Equivalents, Marketable Securities?

Nordisk Bergteknik AB's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 (kr62.90 Mil) to Dec. 2023 (kr108.80 Mil) but then stayed the same from Dec. 2023 (kr108.80 Mil) to Mar. 2024 (kr83.30 Mil).

Nordisk Bergteknik AB's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (kr441.80 Mil) to Dec. 2022 (kr254.90 Mil) and declined from Dec. 2022 (kr254.90 Mil) to Dec. 2023 (kr108.80 Mil).

Nordisk Bergteknik AB Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Nordisk Bergteknik AB'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.

Nordisk Bergteknik AB Cash, Cash Equivalents, Marketable Securities Chart

Nordisk Bergteknik AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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182.40

72.70

441.80

254.90

108.80

Nordisk Bergteknik AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial												251.90	182.70	62.90	108.80	83.30

Nordisk Bergteknik AB 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.

Nordisk Bergteknik AB (OSTO:NORB B) 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.

Nordisk Bergteknik AB Cash, Cash Equivalents, Marketable Securities Related Terms

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Nordisk Bergteknik AB (OSTO:NORB B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nordisk Bergteknik AB (OSTO:NORB B) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

9LY:Germany

Address

Östra Hamngatan 52, Gothenburg, SWE, 411 08

Website

https://www.nordiskbergteknik.se

Nordisk Bergteknik AB's business concept is to offer contracting services in infrastructure to the construction mining and construction industries within selected niches in the Nordic countries. It operates in the two business areas of Rock Handling and Foundation Solutions, which in turn are reported in the three financial segments Foundation Sweden, Rock Sweden, and Rock Norway. It generates maximum revenue from the Rock Sweden segment. Its Majority of the revenue comes from Rock Sweden. Geographic areas are Sweden, Norway, Finland, and Other Countries where the majority of revenue comes from Sweden.

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