Bicecorp (XSGO:BICECORP) Cash And Cash Equivalents : CLP1,600,537 Mil (As of Mar. 2024)

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What is Bicecorp Cash And Cash Equivalents?

Bicecorp's quarterly cash and cash equivalents declined from Sep. 2023 (CLP1,028,873.69 Mil) to Dec. 2023 (CLP1,017,810.54 Mil) but then increased from Dec. 2023 (CLP1,017,810.54 Mil) to Mar. 2024 (CLP1,600,536.52 Mil).

Bicecorp's annual cash and cash equivalents declined from Dec. 2021 (CLP1,229,170.03 Mil) to Dec. 2022 (CLP476,002.77 Mil) but then increased from Dec. 2022 (CLP476,002.77 Mil) to Dec. 2023 (CLP1,017,810.54 Mil).

Bicecorp Cash And Cash Equivalents Historical Data

The historical data trend for Bicecorp'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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Bicecorp Cash And Cash Equivalents Chart

Bicecorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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730,985.44

1,304,441.38

1,229,170.03

476,002.77

1,017,810.54

Bicecorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															473,934.80	770,020.99	1,028,873.69	1,017,810.54	1,600,536.52

Bicecorp 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.

Bicecorp (XSGO:BICECORP) 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.

Bicecorp Cash And Cash Equivalents Related Terms

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Bicecorp (XSGO:BICECORP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bicecorp SA (XSGO:BICECORP) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Av. Apoquindo no 3846, 17th Floor, Las Condes, Santiago, CHL

Website

https://www.bicecorp.com

Bicecorp SA is a Chile based investment holding company. It is engaged in the business areas of Commercial banking in which the company offered products include financing, cash management, foreign trade, payments and collections, lines of credit, credit cards, means of payment, treasury and insurance brokerage; Mutual mortgage; Life insurance which includes products like pension and private annuities, individual and collective life and health insurance, disability and survival insurance (SIS) and consumer loans; Investments; Real estate through which the entity provides services like financing (leasing), real estate rents, project development and advising on matters real estate; Asset securitization; and Automotive financing.

Bicecorp (XSGO:BICECORP) Headlines

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