Karnov Group AB (OSTO:KAR) Cash, Cash Equivalents, Marketable Securities : kr524 Mil (As of Mar. 2024)

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What is Karnov Group AB Cash, Cash Equivalents, Marketable Securities?

Karnov Group AB's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 (kr326.40 Mil) to Dec. 2023 (kr450.60 Mil) and increased from Dec. 2023 (kr450.60 Mil) to Mar. 2024 (kr523.70 Mil).

Karnov Group AB's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (kr951.47 Mil) to Dec. 2022 (kr671.20 Mil) and declined from Dec. 2022 (kr671.20 Mil) to Dec. 2023 (kr450.60 Mil).

Karnov Group AB Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Karnov Group AB'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.

* Premium members only.

Karnov Group AB Cash, Cash Equivalents, Marketable Securities Chart

Karnov Group AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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52.01

552.92

951.47

671.20

450.60

Karnov Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															770.10	455.90	326.40	450.60	523.70

Karnov Group AB 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.

Karnov Group AB (OSTO:KAR) 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.

Karnov Group AB Cash, Cash Equivalents, Marketable Securities Related Terms

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Karnov Group AB (OSTO:KAR) Business Description

Industry

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Traded in Other Exchanges

3UA:Germany

Address

Warfvinges vag 39, Stockholm, SWE, 112 51

Website

https://www.karnovgroup.com

Karnov Group AB is a provider of mission-critical information in the areas of legal, tax and auditing, environment, and health and safety. Karnov's products include subscription-based online solutions for law firms, tax and accounting firms, corporates, and the public sector including, courts, universities, public authorities, and municipalities. Karnov also publishes and sells offline books and journals and hosts legal training courses. Its brands are Karnov, Norstedts Juridik, Notisum, Legal Cross Border, Forlaget Andersen, LEXNordics and DIBkunnskap. Geographically, it derives a majority of its revenue from Denmark and also has a presence in Sweden, Norway, France, Spain, and Portugal.