POSCO Holdings (POSCO Holdings) Cash And Cash Equivalents : $5,114 Mil (As of Dec. 2023)

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What is POSCO Holdings Cash And Cash Equivalents?

POSCO Holdings's quarterly cash and cash equivalents increased from Jun. 2023 ($4,895.07 Mil) to Sep. 2023 ($5,356.62 Mil) but then stayed the same from Sep. 2023 ($5,356.62 Mil) to Dec. 2023 ($5,114.16 Mil).

POSCO Holdings's annual cash and cash equivalents increased from Dec. 2021 ($4,033.46 Mil) to Dec. 2022 ($6,225.53 Mil) but then declined from Dec. 2022 ($6,225.53 Mil) to Dec. 2023 ($5,114.16 Mil).

POSCO Holdings Cash And Cash Equivalents Historical Data

The historical data trend for POSCO Holdings'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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POSCO Holdings Cash And Cash Equivalents Chart

POSCO Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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2,992.13

4,346.95

4,033.46

6,225.53

5,114.16

POSCO Holdings 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															6,225.53	5,366.74	4,895.07	5,356.62	5,114.16

POSCO Holdings 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.

POSCO Holdings (NYSE:PKX) 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.

POSCO Holdings Cash And Cash Equivalents Related Terms

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POSCO Holdings (POSCO Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » POSCO Holdings Inc (NYSE:PKX) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

005490:Korea PKX:Germany PKX:Germany P1KX34:Brazil

Address

POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, KOR, 06194

Website

https://www.posco.co.kr

POSCO Holdings Inc is a holding company and operates through its subsidiaries. The company's operating segments are 1) Steel Segment includes the production and sale of steel products. 2) Green Infrastructure Business includes the provision of infrastructure and related services. The segment is divided into three operations, Trading Segment consists trading and natural resources development activities. Construction Segment consists planning, designing and construction of industrial plants, civil engineering projects and buildings. The energy and Other Segment consists power generation and information technology and operational technology services. 3) Green Materials and Energy Segment include manufacturing and sale of energy-related and other industrial materials, 4) Others Segment.