Knorr-Bremse AG (XTER:KBX) Cash And Cash Equivalents : €1,290 Mil (As of Dec. 2023)

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What is Knorr-Bremse AG Cash And Cash Equivalents?

Knorr-Bremse AG's quarterly cash and cash equivalents increased from Jun. 2023 (€688.47 Mil) to Sep. 2023 (€884.20 Mil) and increased from Sep. 2023 (€884.20 Mil) to Dec. 2023 (€1,290.21 Mil).

Knorr-Bremse AG's annual cash and cash equivalents declined from Dec. 2021 (€1,380.21 Mil) to Dec. 2022 (€1,342.59 Mil) and declined from Dec. 2022 (€1,342.59 Mil) to Dec. 2023 (€1,290.21 Mil).

Knorr-Bremse AG Cash And Cash Equivalents Historical Data

The historical data trend for Knorr-Bremse 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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Knorr-Bremse AG Cash And Cash Equivalents Chart

Knorr-Bremse AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,880.74

2,277.05

1,380.21

1,342.59

1,290.21

Knorr-Bremse 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															1,342.59	954.10	688.47	884.20	1,290.21

Knorr-Bremse 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.

Knorr-Bremse AG (XTER:KBX) 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.

Knorr-Bremse AG Cash And Cash Equivalents Related Terms

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Knorr-Bremse AG (XTER:KBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Knorr-Bremse AG (XTER:KBX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

KNBHF:USA KNRRY:USA KBX:Mexico KBXd:UK

Address

Moosacher Strasse 80, Munich, BY, DEU, 80809

Website

https://www.knorr-bremse.com

Knorr-Bremse AG is engaged in the development, production, marketing, and servicing of Automotive parts. It operates its business activities in two divisions: Rail Vehicle Systems and Commercial Vehicle Systems. Its product portfolio comprises Braking, entrance, and HVAC systems; power electric and control technology; digital solutions; couplers; signal systems; pneumatic braking systems; energy supply and distribution systems; wiper and wash systems; and others. Its geographical segments are Europe/Africa, North America, South America, and Asia-Pacific.

Executives

Frank Markus Weber	Board of Directors
Dr. Nicolas Lange	Board of Directors
Marc Llistosella	Board of Directors
Bernd Spies	Board of Directors
Dr. Claudia Mayfeld	Board of Directors
Dr. Jürgen Wilder	Board of Directors
Dr. Jan Michael Mrosik	Board of Directors

Knorr-Bremse AG (XTER:KBX) Headlines

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