Element Solutions (Element Solutions) Cash And Cash Equivalents

: $289 Mil (As of Dec. 2023)

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Element Solutions's quarterly cash and cash equivalents increased from Jun. 2023 ($282.40 Mil) to Sep. 2023 ($329.60 Mil) but then stayed the same from Sep. 2023 ($329.60 Mil) to Dec. 2023 ($289.30 Mil).

Element Solutions's annual cash and cash equivalents declined from Dec. 2021 ($330.10 Mil) to Dec. 2022 ($265.60 Mil) but then increased from Dec. 2022 ($265.60 Mil) to Dec. 2023 ($289.30 Mil).

Element Solutions Cash And Cash Equivalents Historical Data

The historical data trend for Element Solutions'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.

* Premium members only.

Element Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

190.10

291.90

330.10

265.60

289.30

Element Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																265.60	279.00	282.40	329.60	289.30

Element Solutions 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.

Element Solutions (NYSE:ESI) 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.

Element Solutions Cash And Cash Equivalents Related Terms

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Element Solutions (Element Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Element Solutions Inc (NYSE:ESI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PLQ:Germany PLQ:Germany

Address

500 East Broward Boulevard, Suite 1860, Fort Lauderdale, FL, USA, 33394

Website

https://www.elementsolutionsinc.com

Element Solutions Inc is a specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. The company has two segments which are Electronics and Industrial & Specialty. The Industrial & Specialty segment researches, formulates and sells specialty chemicals and process technologies that enhance surfaces or improve industrial processes in diverse industrial sectors from automotive trim to transcontinental infrastructure and from high-speed printing to high-design faucets. The electronics segment researches, formulates and sells specialty chemicals and material process technologies for all types of electronics hardware, from complex printed circuit board designs to semiconductor packaging.

Executives

Nichelle Maynard-elliott	director	PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Michael Goralski	officer: See Remarks	383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Benjamin Gliklich	officer: VP Corporate Dev, Finance & IR	245 FREIGHT STREET, WATERBURY CT 06702
Carey J. Dorman	officer: Chief Financial Officer	C/O ELEMENT SOLUTIONS INC, 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Martin E Franklin	director	C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
Elyse Napoli Filon	director	383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Scot Benson	officer: President - Perf. Solutions	245 FREIGHT STREET, WATERBURY CT 06702
Joseph J. D'ambrisi	officer: SVP and Head of Electronics	383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Patricia Mount	officer: VP, Program Mgt & Integration	JARDEN CORPORATION, 555 THEODORE FREMD AVENUE, RYE NY 10580
Christopher T. Fraser	director	9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Ashken Ian G H	director	C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
John Edward Capps	officer: EVP, General Counsel & Sec.	2381 EXECUTIVE CENTER DRIVE, BOCA RATON FL 33431
Rakesh Sachdev	officer: Chief Executive Officer	3050 SPRUCE STREET, ST LOUIS MO 63103
Pershing Square Capital Management, L.p.	director, 10 percent owner	787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
John David Tolbert	officer: Chief Human Resources Officer	345 S HIGH STREET, STE 201, MUNCIE IN 47305