ScanSource (ScanSource) Cash And Cash Equivalents : $45 Mil (As of Dec. 2023)

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What is ScanSource Cash And Cash Equivalents?

ScanSource's quarterly cash and cash equivalents increased from Jun. 2023 ($36.18 Mil) to Sep. 2023 ($42.65 Mil) and increased from Sep. 2023 ($42.65 Mil) to Dec. 2023 ($44.99 Mil).

ScanSource's annual cash and cash equivalents declined from Jun. 2021 ($62.72 Mil) to Jun. 2022 ($37.99 Mil) and declined from Jun. 2022 ($37.99 Mil) to Jun. 2023 ($36.18 Mil).

ScanSource Cash And Cash Equivalents Historical Data

The historical data trend for ScanSource'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.

ScanSource Cash And Cash Equivalents Chart

ScanSource Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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19.31

29.49

62.72

37.99

36.18

ScanSource 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															66.45	37.37	36.18	42.65	44.99

ScanSource 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.

ScanSource (NAS:SCSC) 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.

ScanSource Cash And Cash Equivalents Related Terms

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ScanSource (ScanSource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ScanSource Inc (NAS:SCSC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SC3:Germany

Address

6 Logue Court, Greenville, SC, USA, 29615

Website

https://www.scansource.com

ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.

Executives

Michael L Baur	officer: President and CEO	6 LOGUE COURT, GREENVILLE SC 29615
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Brandy Ford	officer: SVP & Chief Accounting Officer	6 LOGUE COURT, GREENVILLE SC 29615
John Charles Eldh	officer: Sr. EVP & Chief Revenue Off.	6 LOGUE COURT, GREENVILLE SC 29615
Vernon J Nagel	director	1330 W. FULTON STREET, SUITE 350, CHICAGO IL 60607
Shana C Smith	officer: Sr. EVP & Chief Legal Officer	1875 EXPLORER ST SUITE 800, RESTON VA 20190
Charles R Whitchurch	director	143 FULLER LANE, WINNDKER IL 60093
Charles Alexander Mathis	officer: Vice-President & CFO	627 ISLAND PARK DRIVE, DANIEL ISLAND SC 29492
Rachel Hayden	officer: Senior Executive VP & CIO	6 LOGUE COURT, GREENVILLE SC 29615
Michael J Grainger	director	C/O INGRAM MICRO INC WORLD WIDE L, 1600 E ST ANDREW PLACE, SANTA ANA CA 92705
Stephen Jones	officer: Sr. EVP & CFO	6 LOGUE COURT, GREENVILLE SC 29615
Emory Frank Edward Jr.	director	2809 SHARON VIEW ROAD, CHARLOTTE NC 28210
Jeffrey R Rodek	director	4151 GULF SHORE BLVD N, PH2, NAPLES FL 34103
Matthew Dean	officer: VP and General Counsel	101 LEDGESTONE WAY, GREER SC 29651
Gerald Lyons	officer: SVP & Principal Acctg Officer	6 LOGUE CT., GREENVILLE SC 29615