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Coherent's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($941.08 Mil) to Dec. 2023 ($856.26 Mil) but then increased from Dec. 2023 ($856.26 Mil) to Mar. 2024 ($898.58 Mil).
Coherent's annual cash, cash equivalents, marketable securities increased from Jun. 2021 ($1,591.89 Mil) to Jun. 2022 ($2,582.37 Mil) but then declined from Jun. 2022 ($2,582.37 Mil) to Jun. 2023 ($821.57 Mil).
The historical data trend for Coherent'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.
Coherent Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 204.87 | 493.05 | 1,591.89 | 2,582.37 | 821.57 |
Coherent 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 | 901.03 | 821.57 | 941.08 | 856.26 | 898.58 |
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.
Coherent (NYSE:COHR) 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 Coherent's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher Koeppen | officer: Chief Innovation Officer | C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056 |
Howard H. Xia | director | C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056 |
Julie Sheridan Eng | officer: Chief Technology Officer | C/O COHERENT CORP., SAXONBURG PA 16056 |
Bashaw Walter Robert Ii | officer: General Counsel | C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056 |
Richard J. Martucci | officer: Interim CFO & Treasurer | C/O COHERENT CORP., 375 SAXONBURG BOULEVARD, SAXONBURG PA 16056 |
Elizabeth Patrick | director | 6400 POPLAR AVE, MEMPHIS TN 38197 |
Michelle M Sterling | director | 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121 |
Ilaria Mocciaro | officer: SVP, CAO and Corp Controller | 2301 PATRIOT BLVD, GLENVIEW IL 60026 |
Mary Jane Raymond | officer: Chief Financial Officer | C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056 |
Ronald Basso | officer: Chief Legal & Compliance Off. | C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056 |
Mattera Vincent D Jr | officer: Vice President | C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056 |
David L Motley | director | 517 AVONWORTH HEIGHTS DRIVE, PITTSBURGH PA 151237 |
Joseph J Corasanti | director | C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056 |
Francis J Kramer | director, officer: President & C.O.O. | C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056 |
Plc Barclays | 10 percent owner | 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP |
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