KION GROUP AG (XTER:KGX) Cash And Cash Equivalents : €251 Mil (As of Mar. 2024)

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What is KION GROUP AG Cash And Cash Equivalents?

KION GROUP AG's quarterly cash and cash equivalents increased from Sep. 2023 (€298.80 Mil) to Dec. 2023 (€309.70 Mil) but then stayed the same from Dec. 2023 (€309.70 Mil) to Mar. 2024 (€251.40 Mil).

KION GROUP AG's annual cash and cash equivalents declined from Dec. 2021 (€473.70 Mil) to Dec. 2022 (€306.20 Mil) but then increased from Dec. 2022 (€306.20 Mil) to Dec. 2023 (€309.70 Mil).

KION GROUP AG Cash And Cash Equivalents Historical Data

The historical data trend for KION GROUP 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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KION GROUP AG Cash And Cash Equivalents Chart

KION GROUP AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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207.40

307.30

473.70

306.20

309.70

KION GROUP AG 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															352.70	240.20	298.80	309.70	251.40

KION GROUP 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.

KION GROUP AG (XTER:KGX) 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.

KION GROUP AG Cash And Cash Equivalents Related Terms

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KION GROUP AG (XTER:KGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » KION GROUP AG (XTER:KGX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

KNNGF:USA KIGRY:USA 1KGX:Italy 0QFU:UK KGX:Austria

Address

Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549

Website

https://www.kiongroup.com

Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.

Executives

Valeria Jimena Gargiulo	Board of Directors
Hasan Dandashly	Board of Directors
Andreas Ulf Krinninger	Board of Directors
Andreas Krinninger	Board of Directors
Dr. Henry Puhl	Board of Directors

KION GROUP AG (XTER:KGX) Headlines

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