SGS AG (SGS AG) Cash And Cash Equivalents : $1,814 Mil (As of Dec. 2023)

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What is SGS AG Cash And Cash Equivalents?

SGS AG's quarterly cash and cash equivalents declined from Dec. 2022 ($1,742.16 Mil) to Jun. 2023 ($1,169.48 Mil) but then increased from Jun. 2023 ($1,169.48 Mil) to Dec. 2023 ($1,814.29 Mil).

SGS AG's annual cash and cash equivalents increased from Dec. 2021 ($1,606.95 Mil) to Dec. 2022 ($1,742.16 Mil) and increased from Dec. 2022 ($1,742.16 Mil) to Dec. 2023 ($1,814.29 Mil).

SGS AG Cash And Cash Equivalents Historical Data

The historical data trend for SGS 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.

* Premium members only.

SGS AG Cash And Cash Equivalents Chart

SGS AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,491.96

1,987.84

1,606.95

1,742.16

1,814.29

SGS AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,606.95	1,152.34	1,742.16	1,169.48	1,814.29

SGS 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.

SGS AG (OTCPK:SGSOY) 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.

SGS AG Cash And Cash Equivalents Related Terms

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SGS AG (SGS AG) Business Description

Industry

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Traded in Other Exchanges

SGSOF:USA SGSNz:UK 0QMI:UK SGSN:Switzerland

Address

1 Place des Alpes, P.O. Box 2152, Geneva, CHE, CH-1211

Website

https://www.sgs.com

Switzerland-listed SGS is the largest and one of the oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. SGS is one of only four TIC companies that operate globally across numerous industries, including agriculture, food and life science, and transport services. SGS was first listed in 1981 and employs almost 100,000 people worldwide.

SGS AG (SGS AG) Headlines

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Aurora Capital Partners Purchases Petroleum Service Corporation from SGS

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