Joy Global (Joy Global) Cash And Cash Equivalents : $322 Mil (As of Jan. 2017)

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What is Joy Global Cash And Cash Equivalents?

Joy Global's quarterly cash and cash equivalents increased from Jul. 2016 ($182.83 Mil) to Oct. 2016 ($276.71 Mil) and increased from Oct. 2016 ($276.71 Mil) to Jan. 2017 ($321.91 Mil).

Joy Global's annual cash and cash equivalents declined from Oct. 2014 ($270.19 Mil) to Oct. 2015 ($102.89 Mil) but then increased from Oct. 2015 ($102.89 Mil) to Oct. 2016 ($276.71 Mil).

Joy Global Cash And Cash Equivalents Historical Data

The historical data trend for Joy Global'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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Joy Global Cash And Cash Equivalents Chart

Joy Global Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Cash And Cash Equivalents

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263.87

405.71

270.19

102.89

276.71

Joy Global Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Cash And Cash Equivalents	Get a 7-Day Free Trial															139.93	160.88	182.83	276.71	321.91

Joy Global 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.

Joy Global (NYSE:JOY) 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.

Joy Global Cash And Cash Equivalents Related Terms

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Joy Global (Joy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Joy Global Inc (NYSE:JOY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.joyglobal.com

Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.

Executives

Sean D Major	officer: EVP, GC and Secretary	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Doheny Edward L Ii	director, officer: President and CEO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
James M Sullivan	officer: EVP & CFO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Steven L Gerard	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Gale E Klappa	director	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
John Nils Hanson	director	100 E WISCONSIN AVE, SUITE 2780, MILWAUKEE WI 53202
Mark Joseph Gliebe	director	200 STATE STREET, BELOIT WI 53511
Randal W Baker	officer: EVP and COO	100 E WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Michael W Sutherlin	director, officer: President and CEO	7374 SE 71ST STREET, MERCER ISLAND WA 98040
Eric A. Nielsen	officer: EVP	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Ricky T Dillon	officer: VP and Controller	ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Ken C Johnsen	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Woodward James H Jr	officer: Executive Vice President, CFO	7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Donald C Roof	officer: Executive Vice President, CFO	P O BOX 554, MILWAUKEE WI 53201