MSC Industrial Direct Co (MSC Industrial Direct Co) Cash, Cash Equivalents, Marketable Securities

: $22 Mil (As of Feb. 2024)

View and export this data going back to 1995. Start your Free Trial

MSC Industrial Direct Co's quarterly cash, cash equivalents, marketable securities declined from Aug. 2023 ($50.05 Mil) to Nov. 2023 ($25.81 Mil) but then stayed the same from Nov. 2023 ($25.81 Mil) to Feb. 2024 ($22.23 Mil).

MSC Industrial Direct Co's annual cash, cash equivalents, marketable securities increased from Aug. 2021 ($40.54 Mil) to Aug. 2022 ($43.54 Mil) and increased from Aug. 2022 ($43.54 Mil) to Aug. 2023 ($50.05 Mil).

MSC Industrial Direct Co Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for MSC Industrial Direct Co'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 32.29 [6] => 125.21 [7] => 40.54 [8] => 43.54 [9] => 50.05 )

MSC Industrial Direct Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash, Cash Equivalents, Marketable Securities

32.29

125.21

40.54

43.54

50.05

MSC Industrial Direct Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash, Cash Equivalents, Marketable Securities																49.62	58.43	50.05	25.81	22.23

MSC Industrial Direct Co 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.

MSC Industrial Direct Co (NYSE:MSM) 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.

MSC Industrial Direct Co Cash, Cash Equivalents, Marketable Securities Related Terms

Thank you for viewing the detailed overview of MSC Industrial Direct Co's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.

MSC Industrial Direct Co (MSC Industrial Direct Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MSC Industrial Direct Co Inc (NYSE:MSM) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

98M:Germany 98M:Germany

Address

515 Broadhollow Road, Suite 1000, Melville, NY, USA, 11747

Website

https://www.mscdirect.com

MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers over 2 million products through its distribution network, which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2023, 95% of the firm's $4.0 billion of sales was generated in the U.S.

Executives

Erik Gershwind	officer: SVP, Product Mgmnt & Marketing	C/O MSC INDUSTRIAL DIRECT CO INC, 75 MAXESS ROAD, MELVILLE NY 11747
Kristen Actis-grande	officer: EVP & Chief Financial Officer	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Elizabeth Bledsoe	officer: SVP & Chief People Officer	C/O MSC LNDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Kimberly Shacklett	officer: SVP, Sales & Customer Success	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Douglas E Jones	officer: EVP, Chief Supply Chain	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Stacey L. Bennett	10 percent owner	410 PARK AVE., SUITE 620, NEW YORK NY 10022
Rahquel Purcell	director	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Martina Mcisaac	officer: EVP, Chief Operating Officer	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Steven N Baruch	officer: SVP, STRATEGY & MARKETING	18232 PENINSULA CLUB, CORNELIUS NC 28031
Mitchell Jacobson	director, 10 percent owner, officer: Chairman and CEO	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS RD, MELVILLE NY 11747
Louise K Goeser	director	C/O PPL CORPORATION, TWO NORTH NINTH STREET, ALLENTOWN PA 18101
John Hill	officer: SVP, Chief Digital Info Offr.	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Neal Dongre	officer: VP, Gen Counsel & Corp Sec	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Martin Edward F Jr	officer: SVP, Sales & Customer Success	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Kari D Heerdt	officer: SVP, Chief People Officer	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747