ESCO Technologies (ESCO Technologies) Cash And Cash Equivalents

: $51.4 Mil (As of Dec. 2023)

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ESCO Technologies's quarterly cash and cash equivalents declined from Jun. 2023 ($56.05 Mil) to Sep. 2023 ($41.87 Mil) but then increased from Sep. 2023 ($41.87 Mil) to Dec. 2023 ($51.40 Mil).

ESCO Technologies's annual cash and cash equivalents increased from Sep. 2021 ($56.23 Mil) to Sep. 2022 ($97.72 Mil) but then declined from Sep. 2022 ($97.72 Mil) to Sep. 2023 ($41.87 Mil).

ESCO Technologies Cash And Cash Equivalents Historical Data

The historical data trend for ESCO Technologies'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.

ESCO Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

61.81

52.56

56.23

97.72

41.87

ESCO Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																51.92	48.22	56.05	41.87	51.40

ESCO Technologies 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.

ESCO Technologies (NYSE:ESE) 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.

ESCO Technologies Cash And Cash Equivalents Related Terms

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ESCO Technologies (ESCO Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ESCO Technologies Inc (NYSE:ESE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ET7:Germany

Address

9900A Clayton Road, Saint Louis, MO, USA, 63124-1186

Website

https://www.escotechnologies.com

ESCO Technologies Inc sells engineered products and systems for utility, industrial, aerospace, and commercial applications. The firm operates in three segments: Aerospace and Defense, Utility Solutions Group (USG) and RF Shielding and Test (Test). The Aerospace and Defense segment designs and manufactures specialty filtration and naval products. The USG segment provides diagnostic testing solutions. The Test segment provides its customers with the ability to identify, measure and contain magnetic, electromagnetic and acoustic energy.

Executives

Bryan H Sayler	director, officer: CEO & President	ESCO TECHNOLOGIES INC., 9900 A CLAYTON ROAD, SAINT LOUIS MO 63124
Christopher L Tucker	officer: Sr. Vice President & CFO	ESCO TECHNOLOGIES INC, 9900 A CLAYTON ROAD, SAINT LOUIS MO 63124
David M Schatz	officer: Sr. VP, Sec'y & Gen. Counsel	ESCO TECHNOLOGIES INC, 9900 A CLAYTON ROAD, SAINT LOUIS MO 63124
Janice L. Hess	director	ESCO TECHNOLOGIES INC, 9900 A CLAYTON ROAD, SAINT LOUIS MO 63124
Gloria L Valdez	director	ESCO TECHNOLOGIES INC, 9900 A CLAYTON ROAD, SAINT LOUIS MO 63124
Larry W Solley	director	C/O ESCO TECHNOLOGIES INC, 9900 A CLAYTON ROAD, ST LOUIS MO 63124
James M Stolze	director	C/O ESCO TECHNOLOGIES INC., 9900 A CLAYTON ROAD, ST LOUIS MO 63124
Alyson S Barclay	officer: V.P., Secretary & Gen. Coun.	C/O ESCO TECHNOLOGIES INC., 9900 A CLAYTON ROAD, ST. LOUIS MO 63124
Gary E Muenster	officer: VP CFO	C/O ESCO TECHNOLOGIES INC, 9900 A CLAYTON ROAD, ST. LOUIS MO 63124
Patrick M Dewar	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Vinod M Khilnani	director	905 WEST BLVD NORTH, ELKHART IN 46514
Robert J Phillippy	director
Leon J Olivier	director	EVERSOURCE ENERGY, 56 PROSPECT STREET, HARTFORD CT 06103
James D Woods	director	C/O ESCO TECHNOLOGIES INC, 9900 A CLAYTON ROAD, ST. LOUIS MO 63124
James M Mcconnell	director	C/O ESCO TECHNOLOGIES INC., 9900 A CLAYTON ROAD, ST. LOUIS MO 63124