Iron Mountain (Iron Mountain) Cash And Cash Equivalents : $223 Mil (As of Dec. 2023)

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What is Iron Mountain Cash And Cash Equivalents?

Iron Mountain's quarterly cash and cash equivalents increased from Jun. 2023 ($149.49 Mil) to Sep. 2023 ($170.50 Mil) and increased from Sep. 2023 ($170.50 Mil) to Dec. 2023 ($222.79 Mil).

Iron Mountain's annual cash and cash equivalents declined from Dec. 2021 ($255.83 Mil) to Dec. 2022 ($141.80 Mil) but then increased from Dec. 2022 ($141.80 Mil) to Dec. 2023 ($222.79 Mil).

Iron Mountain Cash And Cash Equivalents Historical Data

The historical data trend for Iron Mountain'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.

Iron Mountain Cash And Cash Equivalents Chart

Iron Mountain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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193.56

205.06

255.83

141.80

222.79

Iron Mountain 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															141.80	146.44	149.49	170.50	222.79

Iron Mountain 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.

Iron Mountain (NYSE:IRM) 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.

Iron Mountain Cash And Cash Equivalents Related Terms

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Iron Mountain (Iron Mountain) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (NYSE:IRM) » Definitions » Cash And Cash Equivalents

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Address

85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801

Website

https://www.ironmountain.com

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

Executives

William L Meaney	director, officer: President and CEO	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deborah Marson	officer: EVP, General Counsel, Sec.	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Robin Matlock	director	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Mark Kidd	officer: SVP, GM Data Centers	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Wing Cheung Hwang	officer: EVP&GM, Data Centers	C/O IRON MOUNTAIN INC., 85 NEW HAMPSHIRE AVE, SUITE 150, PORTSMOUTH NH 03801
John Tomovcsik	officer: EVP, G. Mgr., Rec. & Inf. Mgmt	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Edward Baker-greene	officer: EVP, CHRO	601 MERRITT 7, NORWALK CT 06851
Wendy J. Murdock	director	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Samuels Theodore R. Ii	director	1990 E. GRAND AVE., EL SEGUNDO CA 90245
Barry Hytinen	officer: EVP & CFO	1000 TEMPUR WAY, LEXINGTON KY 40502
Daniel Borges	officer: VP & Chief Accounting Officer	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Walter C Rakowich	director	14100 E 35TH PL, AURORA CO 80011
Jennifer Allerton	director	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Greg W Mcintosh	officer: EVP, Strategic Accounts	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deirdre Evens	officer: EVP and Chief of Operations	10 STILLMEADOW WAY, FRAMINGHAM MA 01702