Steel Dynamics (Steel Dynamics) Cash And Cash Equivalents : $1,401 Mil (As of Dec. 2023)

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What is Steel Dynamics Cash And Cash Equivalents?

Steel Dynamics's quarterly cash and cash equivalents increased from Jun. 2023 ($1,475.36 Mil) to Sep. 2023 ($1,765.47 Mil) but then stayed the same from Sep. 2023 ($1,765.47 Mil) to Dec. 2023 ($1,400.89 Mil).

Steel Dynamics's annual cash and cash equivalents increased from Dec. 2021 ($1,243.87 Mil) to Dec. 2022 ($1,628.42 Mil) but then declined from Dec. 2022 ($1,628.42 Mil) to Dec. 2023 ($1,400.89 Mil).

Steel Dynamics Cash And Cash Equivalents Historical Data

The historical data trend for Steel Dynamics'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.

Steel Dynamics Cash And Cash Equivalents Chart

Steel Dynamics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,381.46

1,368.62

1,243.87

1,628.42

1,400.89

Steel Dynamics 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															1,628.42	1,604.94	1,475.36	1,765.47	1,400.89

Steel Dynamics 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.

Steel Dynamics (NAS:STLD) 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.

Steel Dynamics Cash And Cash Equivalents Related Terms

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Steel Dynamics (Steel Dynamics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Dynamics Inc (NAS:STLD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

STLD:Mexico 1STLD:Italy SD5:Germany

Address

7575 West Jefferson Boulevard, Fort Wayne, IN, USA, 46804

Website

https://www.steeldynamics.com

Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, and steel fabrication operations. It generates maximum revenue from the steel operations segment.

Executives

Glenn Pushis	officer: Senior Vice President	4500 COUNTY ROAD 59, BUTLER IN 46721
James C Marcuccilli	director	127 W BERRY ST, FORT WAYNE IN 46802
Bradley S Seaman	director	161 SHAWFORD WAY, LAKE FOREST IL 60045
Richard A Poinsatte	officer: Senior Vice President	6714 POINTE INVERNESS WAY, SUITE 200, FORT WAYNE IN 46804
Jennifer L Hamann	director	1400 DOUGLAS STREET, OMAHA NE 68130
Christopher A Graham	officer: Vice President	7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804
Gabriel Shaheen	director	1540 PARILLA CIRCLE, TRINITY FL 34655
Keith E Busse	director	7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804
James Stanley Anderson	officer: Senior Vice President	203 E BERRY STREET, AWB SUITE 804, FORT WAYNE IN 46802
Luis Manuel Sierra	director	1555 CORAOPOLIS HEIGHTS ROAD, MOON TOWNSHIP PA 15108
Miguel Alvarez	officer: Senior Vice President	7575 WEST JEFFERSON BLVD., FORT WAYNE IN 46804
Mark D Millett	director, officer: President and CEO	7575 W JEFFERSON BLVD, FORT WAYNE IN 46804
Theresa E Wagler	officer: Executive Vice President & CFO	7575 W JEFFERSON BLVD, FORT WAYNE IN 46804
Russell B Rinn	officer: Executive Vice President	7575 WEST JEFFERSON BOULEVARD, FORT WAYNE IN 46804
Kenneth W. Cornew	director	10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603