GOP Properties Socimi (XMAD:YGOP) Cash And Cash Equivalents : €0.86 Mil (As of Dec. 2023)

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What is GOP Properties Socimi Cash And Cash Equivalents?

GOP Properties Socimi's quarterly cash and cash equivalents increased from Dec. 2022 (€0.86 Mil) to Jun. 2023 (€1.11 Mil) but then stayed the same from Jun. 2023 (€1.11 Mil) to Dec. 2023 (€0.86 Mil).

GOP Properties Socimi's annual cash and cash equivalents increased from Dec. 2021 (€0.65 Mil) to Dec. 2022 (€0.86 Mil) but then stayed the same from Dec. 2022 (€0.86 Mil) to Dec. 2023 (€0.86 Mil).

GOP Properties Socimi Cash And Cash Equivalents Historical Data

The historical data trend for GOP Properties Socimi'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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GOP Properties Socimi Cash And Cash Equivalents Chart

GOP Properties Socimi Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.25

1.73

0.65

0.86

GOP Properties Socimi Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial											0.65	1.36	0.86	1.11	0.86

GOP Properties Socimi 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.

GOP Properties Socimi (XMAD:YGOP) 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.

GOP Properties Socimi Cash And Cash Equivalents Related Terms

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GOP Properties Socimi (XMAD:YGOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » GOP Properties Socimi SA (XMAD:YGOP) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Avenida del Ensanche de Vallecas, 44, Madrid, ESP, 28051

Website

http://www.grupoortizproperties.com

GOP Properties Socimi SA is a Real Estate Investment Trust. The purpose of the company is to manage and operate a diversified portfolio of assets. Its assets are located mainly in Madrid. The main strategy of the company is aimed at generating recurring income for the shareholder and the creation of value in the assets of its present and future portfolio.

GOP Properties Socimi (XMAD:YGOP) Headlines

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