Zardoya Otis (XMAD:ZOT) Cash And Cash Equivalents : €67.0 Mil (As of Nov. 2021)

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What is Zardoya Otis Cash And Cash Equivalents?

Zardoya Otis's quarterly cash and cash equivalents declined from May. 2021 (€52.26 Mil) to Aug. 2021 (€0.00 Mil) but then increased from Aug. 2021 (€0.00 Mil) to Nov. 2021 (€67.04 Mil).

Zardoya Otis's annual cash and cash equivalents increased from Nov. 2019 (€50.59 Mil) to Nov. 2020 (€57.89 Mil) and increased from Nov. 2020 (€57.89 Mil) to Nov. 2021 (€67.04 Mil).

Zardoya Otis Cash And Cash Equivalents Historical Data

The historical data trend for Zardoya Otis'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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Zardoya Otis Cash And Cash Equivalents Chart

Zardoya Otis Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Cash And Cash Equivalents

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60.85

56.45

50.59

57.89

67.04

Zardoya Otis Quarterly Data
	Nov15	May16	Nov16	May17	Nov17	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Cash And Cash Equivalents	Get a 7-Day Free Trial															57.89	-	52.26	-	67.04

Zardoya Otis 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.

Zardoya Otis (XMAD:ZOT) 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.

Zardoya Otis Cash And Cash Equivalents Related Terms

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Zardoya Otis (XMAD:ZOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zardoya Otis SA (XMAD:ZOT) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

C / Gulf of Thessaloniki No. 73, Madrid, ESP, 28033

Website

https://www.otis.com

Zardoya Otis SA and its subsidiaries are in the business of manufacturing and installing elevators and provision of related maintenance services and export of equipment for installation. The company has manufacturing plants in Madrid and San Sebastian and modernization centers in Munguia and Vigo. Its significant contracts include Louvre museum, Stavros niarchos foundation and Auchan supermarkets. The company mainly operates in Spain, Portugal and Morocco.

Zardoya Otis (XMAD:ZOT) Headlines

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