Ferrari NV (Ferrari NV) Cash And Cash Equivalents : $1,224 Mil (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Ferrari NV Cash And Cash Equivalents?

Ferrari NV's quarterly cash and cash equivalents declined from Jun. 2023 ($1,203.08 Mil) to Sep. 2023 ($1,080.52 Mil) but then increased from Sep. 2023 ($1,080.52 Mil) to Dec. 2023 ($1,223.53 Mil).

Ferrari NV's annual cash and cash equivalents declined from Dec. 2021 ($1,518.81 Mil) to Dec. 2022 ($1,471.29 Mil) and declined from Dec. 2022 ($1,471.29 Mil) to Dec. 2023 ($1,223.53 Mil).

Ferrari NV Cash And Cash Equivalents Historical Data

The historical data trend for Ferrari NV'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.

* Premium members only.

Ferrari NV Cash And Cash Equivalents Chart

Ferrari NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

997.72

1,657.43

1,518.81

1,471.29

1,223.53

Ferrari NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,471.29	1,542.97	1,203.08	1,080.52	1,223.53

Ferrari NV 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.

Ferrari NV (NYSE:RACE) 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.

Ferrari NV Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Ferrari NV's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Ferrari NV (Ferrari NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ferrari NV (NYSE:RACE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

RACEN:Mexico RACE:Italy RACEm:UK 0RDT:UK 2FE:Germany 2FE:Germany 2FE:Germany 2FE:Germany RACE:Austria

Address

Via Abetone Inferiore n. 4, Maranello, ITA, I-41053

Website

https://www.ferrari.com

Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.