Minerals Technologies (Minerals Technologies) Cash And Cash Equivalents : $317 Mil (As of Dec. 2023)

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What is Minerals Technologies Cash And Cash Equivalents?

Minerals Technologies's quarterly cash and cash equivalents increased from Jun. 2023 ($247.10 Mil) to Sep. 2023 ($268.40 Mil) and increased from Sep. 2023 ($268.40 Mil) to Dec. 2023 ($317.20 Mil).

Minerals Technologies's annual cash and cash equivalents declined from Dec. 2021 ($299.50 Mil) to Dec. 2022 ($247.20 Mil) but then increased from Dec. 2022 ($247.20 Mil) to Dec. 2023 ($317.20 Mil).

Minerals Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Minerals 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.

Minerals Technologies Cash And Cash Equivalents Chart

Minerals Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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241.60

367.70

299.50

247.20

317.20

Minerals 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	Get a 7-Day Free Trial															247.20	249.70	247.10	268.40	317.20

Minerals 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.

Minerals Technologies (NYSE:MTX) 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.

Minerals Technologies Cash And Cash Equivalents Related Terms

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Minerals Technologies (Minerals Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Minerals Technologies Inc (NYSE:MTX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MNK:Germany

Address

622 Third Avenue, 38th Floor, New York, NY, USA, 10017-6707

Website

https://www.mineralstech.com

Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.

Executives

Dj Iii Monagle	officer: Vice President	C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Brett Argirakis	officer: Vice President	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Michael Cipolla	officer: CONTROLLER	C/O MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE, NEW YORK NY 10017
Douglas T Dietrich	officer: Vice President	622 THIRD AVENUE, NEW YORK X1 10017
Jonathan J Hastings	officer: Vice President	622 THIRD AVENUE, NEW YORK NY 10017
Rocky Motwani	director	MINERALS TECHNOLOGIES INC., 622 3RD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Marc E Robinson	director	MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Joseph C. Breunig	director	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Alison Ann Deans	director	C/O NEUBERGER BERMAN, LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Franklin Feder	director	MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
John J Carmola	director	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Robert L Clark	director	C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Carolyn K Pittman	director	622 THIRD AVENUE 38TH FL, MINERALS TECHNOLOGIES, NEW YORK NY 10017
Timothy Jordan	officer: Vice President	622 3RD AVENUE, 38TH FL, NEW YORK NY 10017
Thomas J Meek	officer: Vice President	C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017