Greenvolt - Energias Renovaveis (XLIS:GVOLT) Cash And Cash Equivalents : €463.5 Mil (As of Dec. 2023)

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What is Greenvolt - Energias Renovaveis Cash And Cash Equivalents?

Greenvolt - Energias Renovaveis's quarterly cash and cash equivalents increased from Jun. 2023 (€422.02 Mil) to Sep. 2023 (€483.68 Mil) but then stayed the same from Sep. 2023 (€483.68 Mil) to Dec. 2023 (€463.52 Mil).

Greenvolt - Energias Renovaveis's annual cash and cash equivalents increased from Dec. 2021 (€258.76 Mil) to Dec. 2022 (€380.99 Mil) and increased from Dec. 2022 (€380.99 Mil) to Dec. 2023 (€463.52 Mil).

Greenvolt - Energias Renovaveis Cash And Cash Equivalents Historical Data

The historical data trend for Greenvolt - Energias Renovaveis'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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Greenvolt - Energias Renovaveis Cash And Cash Equivalents Chart

Greenvolt - Energias Renovaveis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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16.11

14.10

258.76

380.99

463.52

Greenvolt - Energias Renovaveis Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial											380.99	515.64	422.02	483.68	463.52

Greenvolt - Energias Renovaveis 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.

Greenvolt - Energias Renovaveis (XLIS:GVOLT) 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.

Greenvolt - Energias Renovaveis Cash And Cash Equivalents Related Terms

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Greenvolt - Energias Renovaveis (XLIS:GVOLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Greenvolt - Energias Renovaveis SA (XLIS:GVOLT) » Definitions » Cash And Cash Equivalents

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000:Germany

Address

Rua Manuel Pinto de Azevedo 818, Porto, PRT, PT-4100-320

Website

https://www.greenvolt.pt

Greenvolt - Energias Renovaveis SA is specialized in the production of electricity from renewable energy sources. It has three operating segments. Biomass & Structure has five energy production plants through forest biomass in Portugal, the costs of the corporate structure of Greenvolt, and the plant in Tilbury. The development of Solar & wind energy includes the activities of development, construction, & exploration of photovoltaic & wind energy, with the subsidiaries Greenvolt Power & Sustainable Energy One being the main contributors to the segment. Distributed generation includes the contributions from subsidiaries Greenvolt Next Portugal, Greenvolt Next Portugal II Invest, Perfecta Energía, Greenvolt Comunidades, & Univergy. The key revenue is from the biomass & structure segment.

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