Magellan Aerospace (Magellan Aerospace) Cash, Cash Equivalents, Marketable Securities : $1.6 Mil (As of Mar. 2024)

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

What is Magellan Aerospace Cash, Cash Equivalents, Marketable Securities?

Magellan Aerospace's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($0.49 Mil) to Dec. 2023 ($1.11 Mil) and increased from Dec. 2023 ($1.11 Mil) to Mar. 2024 ($1.64 Mil).

Magellan Aerospace's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($25.38 Mil) to Dec. 2022 ($30.14 Mil) but then declined from Dec. 2022 ($30.14 Mil) to Dec. 2023 ($1.11 Mil).

Magellan Aerospace Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Magellan Aerospace's Cash, Cash Equivalents, Marketable Securities 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.

Magellan Aerospace Cash, Cash Equivalents, Marketable Securities Chart

Magellan Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

Get a 7-Day Free Trial

52.88

88.95

25.38

30.14

1.11

Magellan Aerospace Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															10.09	1.37	0.49	1.11	1.64

Magellan Aerospace Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Magellan Aerospace (OTCPK:MALJF) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Magellan Aerospace Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of Magellan Aerospace's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

Magellan Aerospace (Magellan Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (OTCPK:MALJF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

4M7A:Germany MAL:Canada

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.