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Infortar AS (OTSE:INF1T) Cash, Cash Equivalents, Marketable Securities : €87 Mil (As of Dec. 2023)


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What is Infortar AS Cash, Cash Equivalents, Marketable Securities?

Infortar AS's quarterly cash, cash equivalents, marketable securities increased from Dec. 2021 (€45.18 Mil) to Dec. 2022 (€60.00 Mil) and increased from Dec. 2022 (€60.00 Mil) to Dec. 2023 (€87.12 Mil).

Infortar AS's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (€45.18 Mil) to Dec. 2022 (€60.00 Mil) and increased from Dec. 2022 (€60.00 Mil) to Dec. 2023 (€87.12 Mil).

Infortar AS Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Infortar AS'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.

Infortar AS Cash, Cash Equivalents, Marketable Securities Chart

Infortar AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
22.76 45.18 60.00 87.12

Infortar AS Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities 22.76 45.18 60.00 87.12

Infortar AS 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.

Infortar AS  (OTSE:INF1T) 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.

Infortar AS Cash, Cash Equivalents, Marketable Securities Related Terms

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Infortar AS (OTSE:INF1T) Business Description

Industry
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Traded in Other Exchanges
X8K:Germany
Address
Sadama 5, Tallinn, EST, 10111
Website
https://www.infortar.ee
Infortar AS is an investment holding company in the Baltics. The group focus is on four segment areas which are energy, shipping, real estate, and others. Energy segment consisting of natural gas and electricity trade and sale, natural gas distribution service, sale and bunkering of liquefied natural gas, sale of compressed gas, biomethane production, and solar electricity production, Real estate segment consisting of hotels, office buildings, logistics center, and other real estate object, and Other segment which predominantly includes construction, drug and pharmacy wholesale, building materials, printing, taxicab, and other activities.

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