Scandinavian Medical Solutions AS (OCSE:SMSMED) Cash And Cash Equivalents : kr6.1 Mil (As of Mar. 2024)

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What is Scandinavian Medical Solutions AS Cash And Cash Equivalents?

Scandinavian Medical Solutions AS's quarterly cash and cash equivalents increased from Mar. 2023 (kr1.70 Mil) to Sep. 2023 (kr7.92 Mil) but then stayed the same from Sep. 2023 (kr7.92 Mil) to Mar. 2024 (kr6.14 Mil).

Scandinavian Medical Solutions AS's annual cash and cash equivalents increased from Sep. 2021 (kr25.40 Mil) to Sep. 2022 (kr27.76 Mil) but then declined from Sep. 2022 (kr27.76 Mil) to Sep. 2023 (kr7.92 Mil).

Scandinavian Medical Solutions AS Cash And Cash Equivalents Historical Data

The historical data trend for Scandinavian Medical Solutions AS'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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Scandinavian Medical Solutions AS Cash And Cash Equivalents Chart

Scandinavian Medical Solutions AS Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

4.06

10.66

25.40

27.76

7.92

Scandinavian Medical Solutions AS Semi-Annual Data
	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial				51.75	27.76	1.70	7.92	6.14

Scandinavian Medical Solutions AS 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.

Scandinavian Medical Solutions AS (OCSE:SMSMED) 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.

Scandinavian Medical Solutions AS Cash And Cash Equivalents Related Terms

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Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (OCSE:SMSMED) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

K41:Germany

Address

Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000

Website

https://www.scandinavian-medical.com

Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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