Weir Group (Weir Group) Cash And Cash Equivalents : $895 Mil (As of Dec. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Weir Group Cash And Cash Equivalents?

Weir Group's quarterly cash and cash equivalents declined from Dec. 2022 ($841.90 Mil) to Jun. 2023 ($791.54 Mil) but then increased from Jun. 2023 ($791.54 Mil) to Dec. 2023 ($895.19 Mil).

Weir Group's annual cash and cash equivalents increased from Dec. 2021 ($750.53 Mil) to Dec. 2022 ($841.90 Mil) and increased from Dec. 2022 ($841.90 Mil) to Dec. 2023 ($895.19 Mil).

Weir Group Cash And Cash Equivalents Historical Data

The historical data trend for Weir Group'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.

Weir Group Cash And Cash Equivalents Chart

Weir Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

358.85

472.72

750.53

841.90

895.19

Weir Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															750.53	575.12	841.90	791.54	895.19

Weir Group 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.

Weir Group (OTCPK:WEGRY) 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.

Weir Group Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Weir Group's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Weir Group (Weir Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weir Group PLC (OTCPK:WEGRY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

WEIGF:USA WEIRl:UK WEIR:UK

Address

1 West Regent Street, Glasgow, GBR, G2 1RW

Website

https://www.global.weir

Weir Group PLC manufactures equipment for minerals and other industrial end markets. The company's operating segment includes Minerals and ESCO. The Minerals segment is into engineering, manufacturing and service processing technology used in abrasive, high-wear mining applications. It is also used in infrastructure and general industrial markets. The ESCO segment is into the provision of Ground Engaging Tools (G.E.T.) for large mining machines. It operates predominantly in mining and infrastructure markets where its technology improves productivity through extended wear life, increased safety and reduced energy consumption. The company generates maximum revenue from the Minerals segment. Geographically, the company derives a majority of its revenue from South America.

Weir Group (Weir Group) Headlines

From GuruFocus

Decoding Weir Group PLC's Dividend Performance and Sustainability

By GuruFocus Research • 10-05-2023

First Reserve Signs Agreement To Acquire Weir Flow Control, A Subsidiary Of The Weir Group PLC

By PRNewswire PRNewswire • 02-25-2019