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Gencor Industries (Gencor Industries) Cash, Cash Equivalents, Marketable Securities : $104.8 Mil (As of Dec. 2023)


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What is Gencor Industries Cash, Cash Equivalents, Marketable Securities?

Gencor Industries's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($94.62 Mil) to Sep. 2023 ($101.28 Mil) and increased from Sep. 2023 ($101.28 Mil) to Dec. 2023 ($104.79 Mil).

Gencor Industries's annual cash, cash equivalents, marketable securities declined from Sep. 2021 ($118.21 Mil) to Sep. 2022 ($98.88 Mil) but then increased from Sep. 2022 ($98.88 Mil) to Sep. 2023 ($101.28 Mil).


Gencor Industries Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Gencor Industries'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.

Gencor Industries Cash, Cash Equivalents, Marketable Securities Chart

Gencor Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 115.62 125.08 118.21 98.88 101.28

Gencor Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 97.70 106.31 94.62 101.28 104.79

Gencor Industries 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.


Gencor Industries  (AMEX:GENC) 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.


Gencor Industries Cash, Cash Equivalents, Marketable Securities Related Terms

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Gencor Industries (Gencor Industries) Business Description

Traded in Other Exchanges
N/A
Address
5201 North Orange Blossom Trail, Orlando, FL, USA, 32810
Gencor Industries Inc and its subsidiaries is a manufacturer of heavy machinery used in the production of highway construction materials and environmental control equipment. The Company has one reporting segment, equipment for the highway construction industry. The firm's principal products include asphalt plants, combustion systems, hot mix asphalt plants, fluid heat transfer systems, and asphalt pavers.
Executives
Jeanne M Lyons officer: Secretary 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Ketcham Walter A Jr director 5201 N ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Thomas A. Vecchiolla director 601 QUEEN STREET, ALEXANDRIA VA 22314
Eric E Mellen officer: CFO 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
James P Sharp director 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Marc G Elliott officer: Pres., Const. Equip. Group 5201 N ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
John G Coburn director 10505 GUNSTON ROAD, HORTON VA 22079
Sherry Houtkin 10 percent owner 3900 ISLAND BLVD., PENTHOUSE 4, AVENTURA FL 33160
David Air director PO BOX 1188, DUNDEE FL 33838
Dondero Cort J director
Lawrence C Maingot officer: Vice President and Controller 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Dennis Bryan Hunt officer: Senior Vice President 2790 MARSH WREN CIRCLE, LONGWOOD FL 32779
Lawrence K Miles officer: Vice President Product Support 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810
Lowell Raymond Adams officer: CFO and Treasurer 1722 SE HALYARD LANE, VANCOUVER WA 98661
Robert A Mifflin officer: Interim CFO 5201 N. ORANGE BLOSSOM TRAIL, ORLANDO FL 32810

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