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HNI's quarterly cash and cash equivalents increased from Jun. 2023 ($23.80 Mil) to Sep. 2023 ($24.40 Mil) and increased from Sep. 2023 ($24.40 Mil) to Dec. 2023 ($28.90 Mil).
HNI's annual cash and cash equivalents declined from Dec. 2021 ($52.30 Mil) to Dec. 2022 ($17.40 Mil) but then increased from Dec. 2022 ($17.40 Mil) to Dec. 2023 ($28.90 Mil).
The historical data trend for HNI'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.
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.
HNI (NYSE:HNI) 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.
Thank you for viewing the detailed overview of HNI's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven M Bradford | officer: Sr. VP, Gen. Counsel & Sec. | 408 EAST SECOND STREET, MUSCATINE IA 52761 |
Jeffrey D Lorenger | officer: VP, Gen. Counsel and Secretary | 408 EAST SECOND STREET, PO BOX 1109, MUSCATINE IA 52761 |
Vincent P Berger | officer: President, Hearth & Home Tech | 7571 215TH STREET WEST, LAKEVILLE MN 55044 |
Marshall H Bridges | officer: VP and Chief Financial Officer | 408 EAST SECOND STREET, MUSCATINE IA 52761 |
Michael J. Roch | officer: CCO, WP & Health, Kimball Intl | C/O KIMBALL INTERNATIONAL, INC., 1600 ROYAL STREET, JASPER IN 47546 |
Gregory A Meunier | officer: Ex VP GL Ops, Kimball Intl | 1600 ROYAL ST, JASPER IN 47546 |
Kourtney L Smith | officer: COO, Kimball International | 1600 ROYAL STREET, JASPER IN 47549 |
Larry B Porcellato | director | ICI PAINTS, 15885 SPRAGUE ROAD, CLEVELAND OH 44136 |
Patrick D Hallinan | director | FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015 |
Radhakrishna S Rao | officer: Chief Info and Digital Officer | 600 EAST SECOND STREET, MUSCTAINE IA 52761 |
Ronald V Waters | director | 75 EAST ELM STREET, CHICAGO IL 60611 |
Miguel M Calado | director | 3600 AMHERST, UNIVERSITY PARK, DALLAS TX 75225 |
Kurt A Tjaden | officer: SVP HNI; President HNI Intl | 408 EAST SECOND STREET, MUSCATINE IA 52761 |
Jason Dean Hagedorn | officer: President, Allsteel Inc. | 600 EAST SECOND STREET, MUSCATINE IA 52761 |
Donna D Meade | officer: VP, Member Relations | 408 EAST SECOND STREET, MUSCATINE IA 52761 |
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