Smiths Group (Smiths Group) Cash, Cash Equivalents, Marketable Securities : $229 Mil (As of Jan. 2024)

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What is Smiths Group Cash, Cash Equivalents, Marketable Securities?

Smiths Group's quarterly cash, cash equivalents, marketable securities declined from Jan. 2023 ($973.07 Mil) to Jul. 2023 ($367.27 Mil) but then stayed the same from Jul. 2023 ($367.27 Mil) to Jan. 2024 ($228.72 Mil).

Smiths Group's annual cash, cash equivalents, marketable securities increased from Jul. 2021 ($559.39 Mil) to Jul. 2022 ($1,266.19 Mil) but then declined from Jul. 2022 ($1,266.19 Mil) to Jul. 2023 ($367.27 Mil).

Smiths Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Smiths Group'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.

Smiths Group Cash, Cash Equivalents, Marketable Securities Chart

Smiths Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash, Cash Equivalents, Marketable Securities

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359.90

465.06

559.39

1,266.19

367.27

Smiths Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2,317.07	1,266.19	973.07	367.27	228.72

Smiths Group 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.

Smiths Group (OTCPK:SMGKF) 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.

Smiths Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Smiths Group (Smiths Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Smiths Group PLC (OTCPK:SMGKF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

SMGZY:USA SMINl:UK SMIN:UK QS2A:Germany

Address

11-12 St James’s Square, 4th Floor, London, GBR, SW1Y 4LB

Website

https://www.smiths.com

With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.