What is NACCO Industries Cash, Cash Equivalents, Marketable Securities?
NACCO Industries's quarterly cash, cash equivalents, marketable securities
increased
from Jun. 2023 ($117.02 Mil) to Sep. 2023 ($128.17 Mil) but then
stayed the same
from Sep. 2023 ($128.17 Mil) to Dec. 2023 ($85.11 Mil).
NACCO Industries's annual cash, cash equivalents, marketable securities
increased
from Dec. 2021 ($86.01 Mil) to Dec. 2022 ($110.75 Mil) but then
declined
from Dec. 2022 ($110.75 Mil) to Dec. 2023 ($85.11 Mil).
NACCO Industries Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for NACCO 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.
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.
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.
NACCO Industries Cash, Cash Equivalents, Marketable Securities Related Terms
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NACCO Industries (NACCO Industries) Business Description
NACCO Industries Inc is a holding company that operates in the mining and natural resource industries. It has three operating segments that are coal mining, North American mining (NA mining), and minerals management. The majority of its revenue is from the coal mining segment. That segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The NA mining segment provides value-add contract mining and services for producers. Minerals management generates income from royalty-based leases by acquiring and promoting oil, gas, and coal mineral interests. The company is diversifying beyond coal mining due to political and economic pressures associated with carbon emissions.
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