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NN (NNBR) Cash And Cash Equivalents : $21.9 Mil (As of Dec. 2023)


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What is NN Cash And Cash Equivalents?

NN's quarterly cash and cash equivalents increased from Jun. 2023 ($14.34 Mil) to Sep. 2023 ($21.79 Mil) and increased from Sep. 2023 ($21.79 Mil) to Dec. 2023 ($21.90 Mil).

NN's annual cash and cash equivalents declined from Dec. 2021 ($28.66 Mil) to Dec. 2022 ($12.81 Mil) but then increased from Dec. 2022 ($12.81 Mil) to Dec. 2023 ($21.90 Mil).


NN Cash And Cash Equivalents Historical Data

The historical data trend for NN'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.

NN Cash And Cash Equivalents Chart

NN Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.91 48.14 28.66 12.81 21.90

NN 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.81 10.55 14.34 21.79 21.90

NN 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.


NN  (NAS:NNBR) 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.


NN Cash And Cash Equivalents Related Terms

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NN (NNBR) Business Description

Industry
Traded in Other Exchanges
Address
6210 Ardrey Kell Road, Suite 600, Charlotte, NC, USA, 28277
NN Inc is a diversified industrial company that combines engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions and components. It operates in two business segments: mobile solutions and power solutions. The mobile solutions segment involves growth in the general industrial and automotive end markets. Its power solutions segment involves growth in the electrical and aerospace and defense end markets. It also operates in China, Mexico, Brazil, Germany, and other countries.
Executives
Rajeev Gautam director C/O HONEYWELL, 300 S. TRYON STREET, CHARLOTTE NC 28202
Timothy M. French officer: Chief Operating Officer 6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277
Joao V Faria director 1000 EATON BLVD., CLEVELAND OH 44122
Corre Partners Management, Llc 10 percent owner 12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
Harold C Bevis officer: President and CEO 8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
Wilson Thomas Hampton Jr. director PO BOX 807, 663 HWY 60, MONETT MO 65708
Raynard D. Benvenuti director 6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Shihab A. Kuran director 6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Christina Carroll director 16529 ADLON ROAD, ENCINO CA 91436
Jeri J Harman director
Corre Opportunities Qualified Master Fund, Lp 10 percent owner 12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017
Warren A Veltman officer: SVP/GM Autocam Precision Comp. 2000 WATERS EDGE DRIVE, BUILDING C, SUITE 12, JOHNSON CITY TN 37604
Felcher, Jr. Michael C. officer: See Remarks 6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277
Eric Hjalmar Soderlund 10 percent owner 12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017
Corre Partners Advisors Llc 10 percent owner 12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017

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