Sonae SGPS (XLIS:SON) Cash And Cash Equivalents : €480 Mil (As of Mar. 2024)

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What is Sonae SGPS Cash And Cash Equivalents?

Sonae SGPS's quarterly cash and cash equivalents increased from Sep. 2023 (€395.49 Mil) to Dec. 2023 (€710.86 Mil) but then stayed the same from Dec. 2023 (€710.86 Mil) to Mar. 2024 (€479.76 Mil).

Sonae SGPS's annual cash and cash equivalents declined from Dec. 2021 (€825.06 Mil) to Dec. 2022 (€793.81 Mil) and declined from Dec. 2022 (€793.81 Mil) to Dec. 2023 (€710.86 Mil).

Sonae SGPS Cash And Cash Equivalents Historical Data

The historical data trend for Sonae SGPS'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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Sonae SGPS Cash And Cash Equivalents Chart

Sonae SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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609.83

763.30

825.06

793.81

710.86

Sonae SGPS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															691.00	598.44	395.49	710.86	479.76

Sonae SGPS 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.

Sonae SGPS (XLIS:SON) 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.

Sonae SGPS Cash And Cash Equivalents Related Terms

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Sonae SGPS (XLIS:SON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sonae SGPS SA (XLIS:SON) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

0ML0:UK YSON:Germany

Address

Lugar do Espido, Via Norte, Apartado 1011, Maia, PRT, 4470-909

Website

https://www.sonae.pt

Sonae SGPS SA is a retail company that manages a variety of business portfolios, including food, sports goods, clothing & apparel, financial services, electronics, technology, and telecommunication. The company's business is divided into eight segments based on the business offerings: Sonae MC, Worten, Sonae Fashion, Iberian Sports Retail Group, Sonae FS, Sonae IM, Sonae Sierra, and NOS. The Sonae MC business segment, which generates most of the company's revenue, is the company's food retail unit and operates restaurants, supermarkets, and convenience stores, among others. The company operates globally but earns most of its revenue in Portugal.