Wizz Air Holdings (LSE:WIZZ) Cash And Cash Equivalents : £0 Mil (As of Dec. 2023)

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What is Wizz Air Holdings Cash And Cash Equivalents?

Wizz Air Holdings's quarterly cash and cash equivalents increased from Dec. 2022 (£0.00 Mil) to Mar. 2023 (£1,242.71 Mil) but then stayed the same from Mar. 2023 (£1,242.71 Mil) to Dec. 2023 (£0.00 Mil).

Wizz Air Holdings's annual cash and cash equivalents increased from Mar. 2022 (£640.80 Mil) to Mar. 2023 (£1,242.71 Mil) but then declined from Mar. 2023 (£1,242.71 Mil) to Mar. 2024 (£623.10 Mil).

Wizz Air Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Wizz Air Holdings'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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Wizz Air Holdings Cash And Cash Equivalents Chart

Wizz Air Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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783.89

944.77

640.80

1,242.71

623.10

Wizz Air Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															987.30	-	1,242.71	-	623.10

Wizz Air Holdings 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.

Wizz Air Holdings (LSE:WIZZ) 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.

Wizz Air Holdings Cash And Cash Equivalents Related Terms

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Wizz Air Holdings (LSE:WIZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wizz Air Holdings PLC (LSE:WIZZ) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

WZZZY:USA WZZAF:USA WIZZAIR:Hungary WIZZl:UK WI2:Germany

Address

44 The Esplanade, Saint Helier, JEY, JE4 9WG

Website

https://www.wizzair.com

Wizz Air Holdings PLC is one of the fastest-growing airlines in Europe focusing on the Central and Eastern European region. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul routes. Geographically, it derives a majority of its revenue from EU regions.

Wizz Air Holdings (LSE:WIZZ) Headlines

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