OMV AG (OMV AG) Cash And Cash Equivalents : $7,546 Mil (As of Dec. 2023)

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What is OMV AG Cash And Cash Equivalents?

OMV AG's quarterly cash and cash equivalents increased from Jun. 2023 ($6,776.82 Mil) to Sep. 2023 ($8,307.36 Mil) but then stayed the same from Sep. 2023 ($8,307.36 Mil) to Dec. 2023 ($7,546.35 Mil).

OMV AG's annual cash and cash equivalents increased from Dec. 2021 ($5,706.22 Mil) to Dec. 2022 ($8,569.92 Mil) but then declined from Dec. 2022 ($8,569.92 Mil) to Dec. 2023 ($7,546.35 Mil).

OMV AG Cash And Cash Equivalents Historical Data

The historical data trend for OMV 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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OMV AG Cash And Cash Equivalents Chart

OMV AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,256.67

3,472.02

5,706.22

8,569.92

7,546.35

OMV 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															8,569.92	10,128.48	6,776.82	8,307.36	7,546.35

OMV 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.

OMV AG (OTCPK:OMVJF) 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.

OMV AG Cash And Cash Equivalents Related Terms

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OMV AG (OMV AG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

OMVKY:USA OMVv:UK 0MKH:UK OMV:Germany OMV:Czech Republic OMV:Austria

Address

Trabrennstrasse 6 - 8, Vienna, AUT, 1020

Website

https://www.omv.com

OMV AG is an international, integrated oil and gas company that operates in the Exploration & Production, Refining & Marketing, and Chemicals & Materials segments. The company has exploration and production assets in a multitude of countries in Europe, Asia, and Africa. Exploration & Production (E&P) engages in the business of oil and gas exploration, development and production and focuses on the regions Central and Eastern Europe, North Sea, Middle East and Africa, and Asia-Pacific. The Refining & Marketing (R&M) Business Segment refines and markets crude and other feedstock. The Chemicals & Materials (C&M) Business Segment provides circular polyolefin solutions and base chemicals, fertilizers, and plastics recycling.