Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Cash, Cash Equivalents, Marketable Securities : $37.6 Mil (As of Mar. 2022)

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What is Macquarie Infrastructure Holdings LLC Cash, Cash Equivalents, Marketable Securities?

Macquarie Infrastructure Holdings LLC's quarterly cash, cash equivalents, marketable securities declined from Sep. 2021 ($3,371.97 Mil) to Dec. 2021 ($47.26 Mil) but then stayed the same from Dec. 2021 ($47.26 Mil) to Mar. 2022 ($37.59 Mil).

Macquarie Infrastructure Holdings LLC's annual cash, cash equivalents, marketable securities increased from Dec. 2019 ($260.00 Mil) to Dec. 2020 ($1,518.11 Mil) but then declined from Dec. 2020 ($1,518.11 Mil) to Dec. 2021 ($47.26 Mil).

Macquarie Infrastructure Holdings LLC Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Macquarie Infrastructure Holdings LLC'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.

Macquarie Infrastructure Holdings LLC Cash, Cash Equivalents, Marketable Securities Chart

Macquarie Infrastructure Holdings LLC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

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45.84

589.00

260.00

1,518.11

47.26

Macquarie Infrastructure Holdings LLC Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															529.64	319.69	3,371.97	47.26	37.59

Macquarie Infrastructure Holdings LLC 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.

Macquarie Infrastructure Holdings LLC (NYSE:MIC) 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.

Macquarie Infrastructure Holdings LLC Cash, Cash Equivalents, Marketable Securities Related Terms

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Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Macquarie Infrastructure Holdings LLC (NYSE:MIC) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 West 55th Street, New York, NY, USA, 10019

Website

https://www.micinc.com

Macquarie Infrastructure Holdings LLC is a diversified business company. The company's business comprises (i) Hawaii Gas, Hawaii's only government-franchised gas utility and an unregulated LPG distribution business providing gas and related services to industrial, commercial, residential, and governmental customers; (ii) controlling interests in two solar facilities on Oahu; and (iii) smaller projects collectively engaged in efforts to reduce the cost and improve the reliability and sustainability of energy in Hawaii. The company serves corporations, government agencies, and individual customers primarily in the United States.

Executives

Christopher Frost	director, officer: Chief Executive Officer	C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Nick O'neil	officer: Chief Financial Officer	C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Michael Kernan	officer: General Counsel and Secretary	125 W 55TH STREET NEW YORK NY 10019
Jay Davis	officer: Vice President	125 W. 55TH STREET LEVEL 15 NEW YORK NY 10019
Martin Stanley	director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Ronald Kirk	director	TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Ouma Sananikone	director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC, 125 WEST 55TH STREET, NEW YORK NY 10019
Henry E Lentz	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Amanda M Brock	director	840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Brown Norman H Jr	director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Mihi Llc	director, 10 percent owner	125 WEST 55TH STREET, NEW YORK NY 10019
Macquarie Infrastructure Management (usa) Inc	director, 10 percent owner	125 WEST 55TH STREET, 15TH FLOOR NEW YORK NY 10019
Macquarie Group Ltd	10 percent owner	50 MARTIN PLACE, SYDNEY, NSW 2000 C3 2000
Carmany George W Iii	other: Former Director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 600 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10020