DSM Firmenich AG (XAMS:DSFIR) Cash And Cash Equivalents : €2,456 Mil (As of Dec. 2023)

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What is DSM Firmenich AG Cash And Cash Equivalents?

DSM Firmenich AG's quarterly cash and cash equivalents increased from Dec. 2022 (€2,755.00 Mil) to Jun. 2023 (€2,898.00 Mil) but then stayed the same from Jun. 2023 (€2,898.00 Mil) to Dec. 2023 (€2,456.00 Mil).

DSM Firmenich AG's annual cash and cash equivalents increased from Dec. 2021 (€0.00 Mil) to Dec. 2022 (€2,755.00 Mil) but then declined from Dec. 2022 (€2,755.00 Mil) to Dec. 2023 (€2,456.00 Mil).

DSM Firmenich AG Cash And Cash Equivalents Historical Data

The historical data trend for DSM Firmenich AG's Cash And Cash Equivalents 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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DSM Firmenich AG Cash And Cash Equivalents Chart

DSM Firmenich AG Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

2,755.00

2,456.00

DSM Firmenich AG Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	-	2,622.00	2,755.00	2,898.00	2,456.00

DSM Firmenich AG Cash And Cash Equivalents 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.

DSM Firmenich AG (XAMS:DSFIR) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

DSM Firmenich AG Cash And Cash Equivalents Related Terms

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DSM Firmenich AG (XAMS:DSFIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DSM Firmenich AG (XAMS:DSFIR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria

Address

Wurmisweg 576, Kaiseraugst, CHE, 4303

Website

https://www.dsm-firmenich.com/corporate/home.html

DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

DSM Firmenich AG (XAMS:DSFIR) Headlines

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