Aegean Airlines (ATH:AEGN) Cash And Cash Equivalents : €576 Mil (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Aegean Airlines Cash And Cash Equivalents?

Aegean Airlines's quarterly cash and cash equivalents increased from Dec. 2022 (€462.29 Mil) to Jun. 2023 (€530.37 Mil) and increased from Jun. 2023 (€530.37 Mil) to Dec. 2023 (€575.72 Mil).

Aegean Airlines's annual cash and cash equivalents increased from Dec. 2021 (€442.59 Mil) to Dec. 2022 (€462.29 Mil) and increased from Dec. 2022 (€462.29 Mil) to Dec. 2023 (€575.72 Mil).

Aegean Airlines Cash And Cash Equivalents Historical Data

The historical data trend for Aegean Airlines'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.

Aegean Airlines Cash And Cash Equivalents Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

496.37

437.07

442.59

462.29

575.72

Aegean Airlines 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															442.59	560.08	462.29	530.37	575.72

Aegean Airlines 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.

Aegean Airlines (ATH:AEGN) 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.

Aegean Airlines Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Aegean Airlines's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Aegean Airlines (ATH:AEGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aegean Airlines SA (ATH:AEGN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.