Finning International (Finning International) Cash And Cash Equivalents : $113 Mil (As of Dec. 2023)

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What is Finning International Cash And Cash Equivalents?

Finning International's quarterly cash and cash equivalents increased from Jun. 2023 ($55.70 Mil) to Sep. 2023 ($124.16 Mil) but then stayed the same from Sep. 2023 ($124.16 Mil) to Dec. 2023 ($113.30 Mil).

Finning International's annual cash and cash equivalents declined from Dec. 2021 ($392.19 Mil) to Dec. 2022 ($212.00 Mil) and declined from Dec. 2022 ($212.00 Mil) to Dec. 2023 ($113.30 Mil).

Finning International Cash And Cash Equivalents Historical Data

The historical data trend for Finning International'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.

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Finning International Cash And Cash Equivalents Chart

Finning International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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203.51

420.80

392.19

212.00

113.30

Finning International 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	Get a 7-Day Free Trial															212.00	94.28	55.70	124.16	113.30

Finning International 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.

Finning International (OTCPK:FINGF) 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.

Finning International Cash And Cash Equivalents Related Terms

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Finning International (Finning International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Finning International Inc (OTCPK:FINGF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CIH:Germany FTT:Canada

Address

19100 94th Avenue, Surrey, BC, CAN, V4N 5C3

Website

https://www.finning.com

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery. The company operates in Canada, South America, UK and Ireland, and others.