CCC Intelligent Solutions Holdings (FRA:0B1) Cash And Cash Equivalents : €175.9 Mil (As of Mar. 2024)

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What is CCC Intelligent Solutions Holdings Cash And Cash Equivalents?

CCC Intelligent Solutions Holdings's quarterly cash and cash equivalents declined from Sep. 2023 (€420.46 Mil) to Dec. 2023 (€179.34 Mil) but then stayed the same from Dec. 2023 (€179.34 Mil) to Mar. 2024 (€175.89 Mil).

CCC Intelligent Solutions Holdings's annual cash and cash equivalents increased from Dec. 2021 (€161.55 Mil) to Dec. 2022 (€305.66 Mil) but then declined from Dec. 2022 (€305.66 Mil) to Dec. 2023 (€179.34 Mil).

CCC Intelligent Solutions Holdings Cash And Cash Equivalents Historical Data

The historical data trend for CCC Intelligent Solutions Holdings'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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CCC Intelligent Solutions Holdings Cash And Cash Equivalents Chart

CCC Intelligent Solutions Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

133.26

161.55

305.66

179.34

CCC Intelligent Solutions Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial											316.02	372.50	420.46	179.34	175.89

CCC Intelligent Solutions Holdings 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.

CCC Intelligent Solutions Holdings (FRA:0B1) 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.

CCC Intelligent Solutions Holdings Cash And Cash Equivalents Related Terms

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CCC Intelligent Solutions Holdings (FRA:0B1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCC Intelligent Solutions Holdings Inc (FRA:0B1) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

CCCS:USA

Address

167 North Green Street, 9th Floor, Chicago, IL, USA, 60607

Website

https://www.cccis.com

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

CCC Intelligent Solutions Holdings (FRA:0B1) Headlines

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