Nordex SE (Nordex SE) Cash And Cash Equivalents : $719 Mil (As of Mar. 2024)

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What is Nordex SE Cash And Cash Equivalents?

Nordex SE's quarterly cash and cash equivalents increased from Sep. 2023 ($679.24 Mil) to Dec. 2023 ($1,009.73 Mil) but then stayed the same from Dec. 2023 ($1,009.73 Mil) to Mar. 2024 ($718.63 Mil).

Nordex SE's annual cash and cash equivalents declined from Dec. 2021 ($886.37 Mil) to Dec. 2022 ($671.12 Mil) but then increased from Dec. 2022 ($671.12 Mil) to Dec. 2023 ($1,009.73 Mil).

Nordex SE Cash And Cash Equivalents Historical Data

The historical data trend for Nordex SE'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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Nordex SE Cash And Cash Equivalents Chart

Nordex SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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566.66

946.91

886.37

671.12

1,009.73

Nordex SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															548.28	698.87	679.24	1,009.73	718.63

Nordex SE 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.

Nordex SE (OTCPK:NRXXY) 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.

Nordex SE Cash And Cash Equivalents Related Terms

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Nordex SE (Nordex SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordex SE (OTCPK:NRXXY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

NRDXF:USA 1NDX:Italy NDX1d:UK 0MEC:UK NDX1:Germany NDX1:Austria

Address

Langenhorner Chaussee 600, Hamburg, DEU, 22419

Website

https://www.nordex-online.com

Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment.