Heico (HEI.A) Cash, Cash Equivalents, Marketable Securities : $196 Mil (As of Jan. 2024)

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What is Heico Cash, Cash Equivalents, Marketable Securities?

Heico's quarterly cash, cash equivalents, marketable securities declined from Jul. 2023 ($694.26 Mil) to Oct. 2023 ($171.05 Mil) but then increased from Oct. 2023 ($171.05 Mil) to Jan. 2024 ($196.32 Mil).

Heico's annual cash, cash equivalents, marketable securities increased from Oct. 2021 ($108.30 Mil) to Oct. 2022 ($139.50 Mil) and increased from Oct. 2022 ($139.50 Mil) to Oct. 2023 ($171.05 Mil).

Heico Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Heico'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.

Heico Cash, Cash Equivalents, Marketable Securities Chart

Heico Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash, Cash Equivalents, Marketable Securities

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57.00

406.85

108.30

139.50

171.05

Heico Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															142.62	127.16	694.26	171.05	196.32

Heico 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.

Heico (NYSE:HEI.A) 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.

Heico Cash, Cash Equivalents, Marketable Securities Related Terms

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Heico (HEI.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Heico Corp (NYSE:HEI.A) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

HEI:USA HC1A:Germany HC1:Germany HC1:Germany

Address

3000 Taft Street, Hollywood, FL, USA, 33021

Website

https://www.heico.com

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.