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Haynes International's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($12.93 Mil) to Sep. 2023 ($10.72 Mil) but then increased from Sep. 2023 ($10.72 Mil) to Dec. 2023 ($14.02 Mil).
Haynes International's annual cash, cash equivalents, marketable securities declined from Sep. 2021 ($47.73 Mil) to Sep. 2022 ($8.44 Mil) but then increased from Sep. 2022 ($8.44 Mil) to Sep. 2023 ($10.72 Mil).
The historical data trend for Haynes International'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.
Haynes International Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 31.04 | 47.24 | 47.73 | 8.44 | 10.72 |
Haynes International 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 | 11.53 | 16.86 | 12.93 | 10.72 | 14.02 |
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.
Haynes International (NAS:HAYN) 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.
Thank you for viewing the detailed overview of Haynes International's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
Lee M Pike | officer: VP - Research and Technology | 1020 WEST PARK AVENUE, KOKOMO IN 46904 |
Susan Perry | officer: VP, HUMAN RESOURCES | 1020 WEST PARK AVENUE, KOKOMO IN 46904 |
Brian R Shelton | director | 67 GLENMOOR DRIVE, ENGLEWOOD CO 80113 |
Alicia B Masse | director | 1020 WEST PARK AVENUE, PO BOX 9013, KOKOMO IN 46904-9013 |
Scott R Pinkham | officer: V.P. - Manufacturing Planning | 1020 WEST PARK AVENUE, KOKOMO IN 46904 |
Losch Marlin C Iii | officer: V.P. - International Sales | 14634 BEACON BOULEVARD, CARMEL IN 46032 |
Van Bibber David Sean | officer: Controller, Chief Acctng Oficr | C/O HAYNES INTERNATIONAL, INC., 1020 WEST PARK AVE., P.O. BOX 9013, KOKOMO IN 46904 |
Angela Kohlheim | officer: General Counsel | 1020 WEST PARK AVENUE, P.O. BOX 9013, KOKOMO IN 46904-9013 |
Venkat Ishwar | officer: VP - Technology | 1020 WEST PARK AVENUE, KOKOMO IN 46904 |
Donald C Campion | director | 3747 LOCH BEND DR., COMMERCE MI 48382 |
Michael L Shor | director, officer: President and CEO | CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612 |
David L Strobel | officer: VP Operations | C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612 |
Janice Catherine Wilken | officer: VP-General Counsel & Secretary | 1020 W. PARK AVENUE, P.O. BOX 9013, KOKOMO IN 46904-9013 |
Robert Getz | director | 830 THIRD AVENUE, 9TH FLOOR, NEW YORK NY 10022 |
Larry O Spencer | director | 2000 N M-63, BENTON HARBOR MI 49022 |
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