EMCOR Group (EMCOR Group) Cash, Cash Equivalents, Marketable Securities

: $790 Mil (As of Dec. 2023)

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EMCOR Group's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($503.05 Mil) to Sep. 2023 ($523.63 Mil) and increased from Sep. 2023 ($523.63 Mil) to Dec. 2023 ($789.75 Mil).

EMCOR Group's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($821.35 Mil) to Dec. 2022 ($456.44 Mil) but then increased from Dec. 2022 ($456.44 Mil) to Dec. 2023 ($789.75 Mil).

EMCOR Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for EMCOR Group'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.

EMCOR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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358.82

902.87

821.35

456.44

789.75

EMCOR Group 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															456.44	420.08	503.05	523.63	789.75

EMCOR Group 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.

EMCOR Group (NYSE:EME) 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.

EMCOR Group Cash, Cash Equivalents, Marketable Securities Related Terms

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EMCOR Group (EMCOR Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EMCOR Group Inc (NYSE:EME) » Definitions » Cash, Cash Equivalents, Marketable Securities

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EM4:Germany

Address

301 Merritt Seven, Norwalk, CT, USA, 06851-1092

Website

https://www.emcorgroup.com

EMCOR Group Inc is one of the largest electrical, mechanical, construction, and facilities services firms in the United States. It provides a wide range of services, including the installation of electrical distribution systems, voice & data communication systems, and environmental controls within buildings. The company's services are provided to a broad range of commercial, industrial, utility, and institutional customers. Emcor Group enters contracts for large installation projects in the multimillion-dollar range, or smaller projects involving renovations and retrofit work. It also operates as a subcontractor to general contractors, systems suppliers, and property managers. It generates sales primarily in the United States, but the company does offer services United kingdom.

Executives

R Kevin Matz	officer: SVP, Admin & Strategic Service	301 MERRITT SEVEN 6TH FLOOR, NORWALK CT 06851
Anthony Guzzi	officer: President & COO	301 MERRITT SEVEN, 6TH FLOOR, NORWALK CT 06851
Mark A Pompa	officer: SVP, CAO & Treasurer	301 MERRITT SEVEN 6TH FLOOR, NORWALK CT 06851
Maxine Lum Mauricio	officer: SVP and General Counsel	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP INC., NORWALK CT 06851
Jason R Nalbandian	officer: SVP & Chief Accounting Officer	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP, INC., NORWALK CT 06851
Rebecca A Weyenberg	director	1725 SHEPHERD RD, CHATTANOOGA TN 37421
Carol P Lowe	director	4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104
M Kevin Mcevoy	director	C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011
William P Reid	director	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP, INC., NORWALK CT 06851
Hamm Richard F Jr	director	6370 OXBOW BEND, CHANHASSEN MN 55317
Ronald L Johnson	director	3344 PEACHTREE STREET NE, #3403, ATLANTA GA 30326
John W Altmeyer	director	946 HIGHMEADOW COURT, LANCASTER PA 17601
Brown David A B	director
Robin A Walker-lee	director	C/O TRW AUTOMOTIVE, 12001 TECH CENTER DRIVE, LIVONIA MI 48150
Jerry E Ryan	director	3201 EAST 65TH, TULSA OK 74136