Altus Power (FRA:8770) Cash And Cash Equivalents : €159.4 Mil (As of Mar. 2024)

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What is Altus Power Cash And Cash Equivalents?

Altus Power's quarterly cash and cash equivalents increased from Sep. 2023 (€63.89 Mil) to Dec. 2023 (€147.47 Mil) and increased from Dec. 2023 (€147.47 Mil) to Mar. 2024 (€159.41 Mil).

Altus Power's annual cash and cash equivalents declined from Dec. 2021 (€288.50 Mil) to Dec. 2022 (€182.21 Mil) and declined from Dec. 2022 (€182.21 Mil) to Dec. 2023 (€147.47 Mil).

Altus Power Cash And Cash Equivalents Historical Data

The historical data trend for Altus Power'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.

Altus Power Cash And Cash Equivalents Chart

Altus Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

27.81

288.50

182.21

147.47

Altus Power Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial									64.87	63.79	63.89	147.47	159.41

Altus Power 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.

Altus Power (FRA:8770) 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.

Altus Power Cash And Cash Equivalents Related Terms

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Altus Power (FRA:8770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altus Power Inc (FRA:8770) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

AMPS:USA 8770:Germany

Address

2200 Atlantic Street, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.altuspower.com

Altus Power Inc is a renewable energy generation company focused on the commercial and industrial, public sector, and community solar customers. It operates as a developer, owner and operator of large-scale roof, ground and carport-based photovoltaic and energy storage systems, as well as electric vehicle charging facilities.

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