Palingeo SpA (MIL:PAL) Cash And Cash Equivalents : €5.53 Mil (As of Jun. 2023)

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What is Palingeo SpA Cash And Cash Equivalents?

Palingeo SpA's quarterly cash and cash equivalents increased from Dec. 2021 (€0.91 Mil) to Dec. 2022 (€4.15 Mil) and increased from Dec. 2022 (€4.15 Mil) to Jun. 2023 (€5.53 Mil).

Palingeo SpA's annual cash and cash equivalents increased from . 20 (€0.00 Mil) to Dec. 2021 (€0.91 Mil) and increased from Dec. 2021 (€0.91 Mil) to Dec. 2022 (€4.15 Mil).

Palingeo SpA Cash And Cash Equivalents Historical Data

The historical data trend for Palingeo SpA'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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Palingeo SpA Cash And Cash Equivalents Chart

Palingeo SpA Annual Data

Trend

Dec21

Dec22

Cash And Cash Equivalents

0.91

4.15

Palingeo SpA Quarterly Data
	Dec21	Dec22	Jun23
Cash And Cash Equivalents	0.91	4.15	5.53

Palingeo SpA 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.

Palingeo SpA (MIL:PAL) 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.

Palingeo SpA Cash And Cash Equivalents Related Terms

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Palingeo SpA (MIL:PAL) Business Description

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Palingeo SpA is an engineering and construction company. Its projects includes construction or modernization of railway lines, motorway networks, bridges, tunnels, roads, schools, hospitals, hydraulic system projects, wind farms or solar plants, collection and regulation of water/hydroelectric plants, etc.

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