Polytec Holding AG (WBO:PYT) Cash And Cash Equivalents : €49.6 Mil (As of Dec. 2023)

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What is Polytec Holding AG Cash And Cash Equivalents?

Polytec Holding AG's quarterly cash and cash equivalents increased from Jun. 2023 (€38.00 Mil) to Sep. 2023 (€38.23 Mil) and increased from Sep. 2023 (€38.23 Mil) to Dec. 2023 (€49.61 Mil).

Polytec Holding AG's annual cash and cash equivalents declined from Dec. 2021 (€69.71 Mil) to Dec. 2022 (€55.14 Mil) and declined from Dec. 2022 (€55.14 Mil) to Dec. 2023 (€49.61 Mil).

Polytec Holding AG Cash And Cash Equivalents Historical Data

The historical data trend for Polytec Holding AG'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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Polytec Holding AG Cash And Cash Equivalents Chart

Polytec Holding AG Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec23

Cash And Cash Equivalents

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55.61

90.39

69.71

55.14

49.61

Polytec Holding AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															55.14	55.47	38.00	38.23	49.61

Polytec Holding AG 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.

Polytec Holding AG (WBO:PYT) 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.

Polytec Holding AG Cash And Cash Equivalents Related Terms

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Polytec Holding AG (WBO:PYT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polytec Holding AG (WBO:PYT) » Definitions » Cash And Cash Equivalents

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P4N:Germany

Address

Polytec-Strasse 1, Hoersching, AUT, 4063

Website

https://www.polytec-group.com

Polytec Holding AG is an Austria-based company focused on the automotive and plastics industry. It manufactures plastic parts globally. The operating segments are divided into four units namely Plastics, which supplies plastic components for the interior of passenger cars, engines, and the non-automotive industry. Composites provide exterior and engine parts for commercial and passenger vehicles. The car-Styling unit offers accessories, small parts, and systems for vehicles, and Industrial produces plastic molded components and others. It provides service in the field of injection molding, fiber-reinforced plastics, and the manufacturer of original accessory parts made of plastic and stainless steel. Geographical presence in Austria, Austria, UK, Sweden, Hungary, and Other countries.

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