BlueScope Steel (BlueScope Steel) Cash And Cash Equivalents : $895 Mil (As of Dec. 2023)

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What is BlueScope Steel Cash And Cash Equivalents?

BlueScope Steel's quarterly cash and cash equivalents declined from Dec. 2022 ($1,295.28 Mil) to Jun. 2023 ($999.87 Mil) but then stayed the same from Jun. 2023 ($999.87 Mil) to Dec. 2023 ($895.45 Mil).

BlueScope Steel's annual cash and cash equivalents declined from Jun. 2021 ($1,499.92 Mil) to Jun. 2022 ($1,182.50 Mil) and declined from Jun. 2022 ($1,182.50 Mil) to Jun. 2023 ($999.87 Mil).

BlueScope Steel Cash And Cash Equivalents Historical Data

The historical data trend for BlueScope Steel's Cash And Cash Equivalents 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.

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BlueScope Steel Cash And Cash Equivalents Chart

BlueScope Steel Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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1,142.01

965.84

1,499.92

1,182.50

999.87

BlueScope Steel Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,361.66	1,182.50	1,295.28	999.87	895.45

BlueScope Steel Cash And Cash Equivalents 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.

BlueScope Steel (OTCPK:BLSFF) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

BlueScope Steel Cash And Cash Equivalents Related Terms

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BlueScope Steel (BlueScope Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BlueScope Steel Ltd (OTCPK:BLSFF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

BLSFY:USA BH5:Germany BSL:Australia

Address

181 William Street, Level 24, Melbourne, VIC, AUS, 3000

Website

https://www.bluescope.com

BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.

BlueScope Steel (BlueScope Steel) Headlines

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