NEL ASA (STU:D7G) Cash, Cash Equivalents, Marketable Securities : €282.6 Mil (As of Mar. 2024)

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

NEL ASA's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 (€340.09 Mil) to Dec. 2023 (€293.09 Mil) but then stayed the same from Dec. 2023 (€293.09 Mil) to Mar. 2024 (€282.62 Mil).

NEL ASA's annual cash, cash equivalents, marketable securities increased from Dec. 2021 (€327.39 Mil) to Dec. 2022 (€350.93 Mil) but then declined from Dec. 2022 (€350.93 Mil) to Dec. 2023 (€293.09 Mil).

NEL ASA Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for NEL 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.

* Premium members only.

NEL ASA Cash, Cash Equivalents, Marketable Securities Chart

NEL ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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51.25

383.37

327.39

350.93

293.09

NEL ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															409.81	352.42	340.09	293.09	282.62

NEL 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.

NEL ASA (STU:D7G) 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.

NEL ASA Cash, Cash Equivalents, Marketable Securities Related Terms

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NEL ASA (STU:D7G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NEL ASA (STU:D7G) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

NLLSY:USA NLLSF:USA NELo:Sweden NEL:Norway 0E4Q:UK D7G:Germany D7G:Bulgaria

Address

Karenslyst alle 49, Oslo, NOR, N-0279

Website

https://www.nelhydrogen.com

NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Fueling and Electroiyser. It generates maximum revenue from the Electroiyser segment.

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