Heidelberg Materials AG (XTER:HEI) Cash And Cash Equivalents : €3,191 Mil (As of Dec. 2023)

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What is Heidelberg Materials AG Cash And Cash Equivalents?

Heidelberg Materials AG's quarterly cash and cash equivalents declined from Dec. 2022 (€1,399.30 Mil) to Jun. 2023 (€1,262.10 Mil) but then increased from Jun. 2023 (€1,262.10 Mil) to Dec. 2023 (€3,190.90 Mil).

Heidelberg Materials AG's annual cash and cash equivalents declined from Dec. 2021 (€3,098.50 Mil) to Dec. 2022 (€1,399.30 Mil) but then increased from Dec. 2022 (€1,399.30 Mil) to Dec. 2023 (€3,190.90 Mil).

Heidelberg Materials AG Cash And Cash Equivalents Historical Data

The historical data trend for Heidelberg Materials 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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Heidelberg Materials AG Cash And Cash Equivalents Chart

Heidelberg Materials AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,517.40

2,841.20

3,098.50

1,399.30

3,190.90

Heidelberg Materials AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															3,098.50	1,747.40	1,399.30	1,262.10	3,190.90

Heidelberg Materials 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.

Heidelberg Materials AG (XTER:HEI) 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.

Heidelberg Materials AG Cash And Cash Equivalents Related Terms

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Heidelberg Materials AG (XTER:HEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Heidelberg Materials AG (XTER:HEI) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

HLBZF:USA HDELY:USA HEI:Italy HEId:UK 0MG2:UK HEIU:Germany HEI:Germany HEI:Germany HEIU:Germany HEI:Germany

Address

Berliner Strasse 6, Heidelberg, BW, DEU, 69120

Website

https://www.heidelbergmaterials.com/en

Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.

Executives

Ludwig Merckle	Supervisory Board
René Aldach	Board of Directors
Dennis Lentz	Board of Directors
Ernest Jelito	Board of Directors
Christopher Ward	Board of Directors
Kevin Gluskie	Board of Directors
Dr. Dominik Von Achten	Board of Directors