Steelcase (Steelcase) Cash And Cash Equivalents : $319 Mil (As of Feb. 2024)

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What is Steelcase Cash And Cash Equivalents?

Steelcase's quarterly cash and cash equivalents increased from Aug. 2023 ($153.60 Mil) to Nov. 2023 ($262.00 Mil) and increased from Nov. 2023 ($262.00 Mil) to Feb. 2024 ($318.60 Mil).

Steelcase's annual cash and cash equivalents declined from Feb. 2022 ($200.90 Mil) to Feb. 2023 ($90.40 Mil) but then increased from Feb. 2023 ($90.40 Mil) to Feb. 2024 ($318.60 Mil).

Steelcase Cash And Cash Equivalents Historical Data

The historical data trend for Steelcase'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.

Steelcase Cash And Cash Equivalents Chart

Steelcase Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash And Cash Equivalents

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541.00

489.80

200.90

90.40

318.60

Steelcase Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															90.40	40.20	153.60	262.00	318.60

Steelcase 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.

Steelcase (NYSE:SCS) 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.

Steelcase Cash And Cash Equivalents Related Terms

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Steelcase (Steelcase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Steelcase Inc (NYSE:SCS) » Definitions » Cash And Cash Equivalents

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Address

901 44th Street SE, Grand Rapids, MI, USA, 49508

Website

https://www.steelcase.com

Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions. Majority of revenue is generated from Americas segment.

Executives

Nicole Cherie Mcgrath	officer: VP, Corp Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Robert G Krestakos	officer: VP, Global Operations	901 44TH STREET SE, GRAND RAPIDS MI 49508
David C Sylvester	officer: Senior Vice President, CFO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Lizbeth S O'shaughnessy	officer: Senior VP, CLO and Secretary	901 44TH STREET SE, GRAND RAPIDS MI 49508
Wege Peter M Ii	director	901 44TH ST SE, GRAND RAPIDS MI 49508
Sanjay Gupta	director	2775 SANDERS ROAD, NORTHBROOK IL 60062
Sara E Armbruster	officer: VP, WS Futures & Corp Strategy	901 44TH STREET SE, GRAND RAPIDS MI 49508
Jennifer C Niemann	director	901 44TH STREET SE, GRAND RAPIDS MI 49508
Steven Douglas Miller	officer: VP, Chief Technology Officer	901 44TH STREET SE, GRAND RAPIDS MI 49508
Guillaume M Alvarez	officer: Senior VP, EMEA	901 44TH STREET SE, GRAND RAPIDS MI 49508
Kate P Wolters	director	901 44TH ST, GRAND RAPIDS MI 49508
Robin L Zondervan	officer: Corporate Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Eddy F Schmitt	officer: Senior VP, Americas	901 44TH STREET SE, GRAND RAPIDS MI 49508
Linda K Williams	director	901 44TH STREET SE, GRAND RAPIDS MI 49508
Donna K Flynn	officer: VP, Global Talent Management	901 44TH STREET SE, GRAND RAPIDS MI 49508