Soltec Power Holdings (XMAD:SOL) Cash, Cash Equivalents, Marketable Securities : €22.9 Mil (As of Jun. 2023)

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What is Soltec Power Holdings Cash, Cash Equivalents, Marketable Securities?

Soltec Power Holdings's quarterly cash, cash equivalents, marketable securities increased from Jun. 2022 (€24.57 Mil) to Dec. 2022 (€29.15 Mil) but then stayed the same from Dec. 2022 (€29.15 Mil) to Jun. 2023 (€22.89 Mil).

Soltec Power Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2020 (€128.05 Mil) to Dec. 2021 (€43.55 Mil) and declined from Dec. 2021 (€43.55 Mil) to Dec. 2022 (€29.15 Mil).

Soltec Power Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Soltec Power Holdings'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.

Soltec Power Holdings Cash, Cash Equivalents, Marketable Securities Chart

Soltec Power Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

29.13

128.05

43.55

29.15

Soltec Power Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			133.36	43.55	24.57	29.15	22.89

Soltec Power Holdings 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.

Soltec Power Holdings (XMAD:SOL) 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.

Soltec Power Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Soltec Power Holdings (XMAD:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Soltec Power Holdings SA (XMAD:SOL) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

0AC5:UK 5PZ:Germany

Address

Gabriel Campillo Street, Poligono Industrial la Serreta s/n, Molina de Segura, Murcia, ESP, 30500

Website

http://www.soltecpowerholdings.com

Soltec Power Holdings SA is specialized in providing integrated solutions in solar PV energy. The company designs, manufactures and installs solar tracking systems and develops solar power projects. Its business is divided into industrial (trackers and construction services) business line, which is also referred to as Soltec Industrial, and project development business line, which is also referred to as Powertis. It offers a portfolio of solar trackers, including the SF8 and SF7 single-axis trackers, the SF8 and SF7 bi-facial trackers and the SF7 Tandem.