Polestar Automotive Holding UK (Polestar Automotive Holding UK) Cash, Cash Equivalents, Marketable Securities : $951 Mil (As of Sep. 2023)

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What is Polestar Automotive Holding UK Cash, Cash Equivalents, Marketable Securities?

Polestar Automotive Holding UK's quarterly cash, cash equivalents, marketable securities increased from Mar. 2023 ($884.27 Mil) to Jun. 2023 ($1,057.41 Mil) but then stayed the same from Jun. 2023 ($1,057.41 Mil) to Sep. 2023 ($951.09 Mil).

Polestar Automotive Holding UK's annual cash, cash equivalents, marketable securities increased from Dec. 2020 ($316.42 Mil) to Dec. 2021 ($757.94 Mil) and increased from Dec. 2021 ($757.94 Mil) to Dec. 2022 ($973.88 Mil).

Polestar Automotive Holding UK Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Polestar Automotive Holding UK's Cash, Cash Equivalents, Marketable Securities 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.

* Premium members only.

Polestar Automotive Holding UK Cash, Cash Equivalents, Marketable Securities Chart

Polestar Automotive Holding UK Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

316.42

757.94

973.88

Polestar Automotive Holding UK Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial							988.26	973.88	884.27	1,057.41	951.09

Polestar Automotive Holding UK Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Polestar Automotive Holding UK (NAS:PSNY) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Polestar Automotive Holding UK Cash, Cash Equivalents, Marketable Securities Related Terms

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Polestar Automotive Holding UK (Polestar Automotive Holding UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polestar Automotive Holding UK PLC (NAS:PSNY) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

PSNYW:USA A4N1:Germany

Address

Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31

Website

https://www.polestar.com

Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.