Gentex (Gentex) Cash And Cash Equivalents

: $226 Mil (As of Dec. 2023)

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Gentex's quarterly cash and cash equivalents increased from Jun. 2023 ($237.67 Mil) to Sep. 2023 ($260.63 Mil) but then stayed the same from Sep. 2023 ($260.63 Mil) to Dec. 2023 ($226.44 Mil).

Gentex's annual cash and cash equivalents declined from Dec. 2021 ($262.31 Mil) to Dec. 2022 ($214.76 Mil) but then increased from Dec. 2022 ($214.76 Mil) to Dec. 2023 ($226.44 Mil).

Gentex Cash And Cash Equivalents Historical Data

The historical data trend for Gentex'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.

Gentex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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296.32

423.37

262.31

214.76

226.44

Gentex 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	Get a 7-Day Free Trial															214.76	215.45	237.67	260.63	226.44

Gentex 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.

Gentex (NAS:GNTX) 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.

Gentex Cash And Cash Equivalents Related Terms

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Gentex (Gentex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gentex Corp (NAS:GNTX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GTX:Germany

Address

600 North Centennial Street, Zeeland, MI, USA, 49464

Website

https://www.gentex.com

Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. Automotive revenue is about 98% of total revenue. The company is constantly developing new applications for the technology to remain on top. Sales in 2022 totaled about $1.9 billion with 44.2 million mirrors shipped. The unit mix breaks out as 65% interior and 35% exterior, versus about 32% exterior in 2020. The company is based in Zeeland, Michigan.

Executives

Anderson Joseph B Jr	director	MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
Kathleen Starkoff	director	4304 SUNBURY ROAD, GALENA OH 43021-9318
Gary F Goode	director	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
James A Hollars	director	23880 MESSINA COURT, BONITA SPRINGS FL 34134
Richard O Schaum	director	388 WARREN COURT, BIRMINGHAM MI 48009
Neil Boehm	officer: Chief Technology Officer	600 N. CENTENNIAL STREET, ZEELAND MI 49464
Scott P Ryan	officer: General Counsel	7592 KIRKWOOD TRAIL SE, ALTO MI 49302
Steven R Downing	officer: Chief Financial Officer	14814 CREEK EDGE DRIVE, HOLLAND MI 49424
James H Wallace	director	2625 WYNDBEND BLVD, POWELL OH 43065
John A Mulder	director	16680 LYONHURST CIRCLE, NORTHVILLE MI 48167
Ling Zang	director	6291 SHENANDOAH PARK AVE, SALT LAKE CITY UT 84121
Matthew Chiodo	officer: Vice President of Sales	600 N. CENTENNIAL STREET, ZEELAND MI 49464
Kevin C Nash	officer: Chief Accounting Officer	2608 104TH AVENUE, ZEELAND MI 49464
Frederick A Sotok	director
Brian C Walker	director