What is The Chemours Co Cash, Cash Equivalents, Marketable Securities?
The Chemours Co's quarterly cash, cash equivalents, marketable securities
increased
from Jun. 2023 ($738.00 Mil) to Sep. 2023 ($852.00 Mil) and
increased
from Sep. 2023 ($852.00 Mil) to Dec. 2023 ($1,203.00 Mil).
The Chemours Co's annual cash, cash equivalents, marketable securities
declined
from Dec. 2021 ($1,451.00 Mil) to Dec. 2022 ($1,102.00 Mil) but then
increased
from Dec. 2022 ($1,102.00 Mil) to Dec. 2023 ($1,203.00 Mil).
The Chemours Co Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for The Chemours Co'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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The Chemours Co Cash, Cash Equivalents, Marketable Securities Chart
The Chemours Co 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.
The Chemours Co (NYSE:CC) 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.
The Chemours Co Cash, Cash Equivalents, Marketable Securities Related Terms
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The Chemours Co (The Chemours Co) Business Description
The Chemours Co is a global provider of chemicals. It delivers customized solutions with a wide range of industrial and specialty chemicals products for various markets including coatings, plastics, refrigeration, air conditioning, etc. The company's operating segments include Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. It generates maximum revenue from the Titanium Technologies segment. The Titanium Technologies segment is a producer of TiO2 pigment, a premium white pigment used to deliver whiteness, brightness, opacity, durability, efficiency, and protection across a variety of applications. Geographically, it derives a majority of its revenue from North America.
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