Cementos Argos S.A. (Cementos Argos S.A.) Cash And Cash Equivalents : $224 Mil (As of Sep. 2023)

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What is Cementos Argos S.A. Cash And Cash Equivalents?

Cementos Argos S.A.'s quarterly cash and cash equivalents increased from Mar. 2023 ($141.06 Mil) to Jun. 2023 ($144.70 Mil) and increased from Jun. 2023 ($144.70 Mil) to Sep. 2023 ($224.35 Mil).

Cementos Argos S.A.'s annual cash and cash equivalents declined from Dec. 2020 ($171.72 Mil) to Dec. 2021 ($122.48 Mil) but then increased from Dec. 2021 ($122.48 Mil) to Dec. 2022 ($165.44 Mil).

Cementos Argos S.A. Cash And Cash Equivalents Historical Data

The historical data trend for Cementos Argos S.A.'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.

* Premium members only.

Cementos Argos S.A. Cash And Cash Equivalents Chart

Cementos Argos S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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198.31

100.61

171.72

122.48

165.44

Cementos Argos S.A. Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															145.79	165.44	141.06	144.70	224.35

Cementos Argos S.A. 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.

Cementos Argos S.A. (OTCPK:CMTOY) 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.

Cementos Argos S.A. Cash And Cash Equivalents Related Terms

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Cementos Argos S.A. (Cementos Argos S.A.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementos Argos S.A. (OTCPK:CMTOY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PFCEMARGOS.PFD:Columbia CEMARGOS:Columbia

Address

Carrera 53 No. 106 - 280, Centro Empresarial Buenavista, Piso 17, Barranquilla, COL

Website

https://www.argos.co

Cementos Argos S.A. is a cement producing company. In terms of the concrete business it is Colombia's leading producer and the second-largest producer in the United States. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title.

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