Cates Elektrik Uretim AS (IST:CATES) Cash, Cash Equivalents, Marketable Securities : ₺527 Mil (As of Sep. 2023)

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What is Cates Elektrik Uretim AS Cash, Cash Equivalents, Marketable Securities?

Cates Elektrik Uretim AS's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (₺46.17 Mil) to Jun. 2023 (₺65.40 Mil) and increased from Jun. 2023 (₺65.40 Mil) to Sep. 2023 (₺526.53 Mil).

Cates Elektrik Uretim AS's annual cash, cash equivalents, marketable securities declined from Dec. 2020 (₺86.28 Mil) to Dec. 2021 (₺28.36 Mil) but then increased from Dec. 2021 (₺28.36 Mil) to Dec. 2022 (₺46.17 Mil).

Cates Elektrik Uretim AS Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Cates Elektrik Uretim AS's Cash, Cash Equivalents, Marketable Securities 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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Cates Elektrik Uretim AS Cash, Cash Equivalents, Marketable Securities Chart

Cates Elektrik Uretim AS Annual Data

Trend

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

86.28

28.36

46.17

Cates Elektrik Uretim AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	-	46.17	65.40	526.53

Cates Elektrik Uretim AS Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Cates Elektrik Uretim AS (IST:CATES) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Cates Elektrik Uretim AS Cash, Cash Equivalents, Marketable Securities Related Terms

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Cates Elektrik Uretim AS (IST:CATES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

N/A

Address

Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR

Website

https://www.cates.com.tr

Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

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