Dorel Industries (TSX:DII.B) Cash And Cash Equivalents : C$32 Mil (As of Dec. 2023)

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What is Dorel Industries Cash And Cash Equivalents?

Dorel Industries's quarterly cash and cash equivalents increased from Jun. 2023 (C$32.02 Mil) to Sep. 2023 (C$33.23 Mil) but then stayed the same from Sep. 2023 (C$33.23 Mil) to Dec. 2023 (C$32.32 Mil).

Dorel Industries's annual cash and cash equivalents declined from Dec. 2021 (C$66.77 Mil) to Dec. 2022 (C$44.03 Mil) and declined from Dec. 2022 (C$44.03 Mil) to Dec. 2023 (C$32.32 Mil).

Dorel Industries Cash And Cash Equivalents Historical Data

The historical data trend for Dorel Industries'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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Dorel Industries Cash And Cash Equivalents Chart

Dorel Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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51.55

48.98

66.77

44.03

32.32

Dorel Industries 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															44.03	39.78	32.02	33.23	32.32

Dorel Industries 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.

Dorel Industries (TSX:DII.B) 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.

Dorel Industries Cash And Cash Equivalents Related Terms

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Dorel Industries (TSX:DII.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Dorel Industries Inc (TSX:DII.B) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

DIIBF:USA DO4B:Germany DII.A:Canada

Address

1255 Greene Avenue, Suite 300, Westmount, QC, CAN, H3Z 2A4

Website

https://www.dorel.com

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children's accessories which include infant car seats, strollers, high chairs, and infant health and safety aids. Its geographical segments include Canada, the United States, Europe, Latin America, Asia, and Other countries.

Dorel Industries (TSX:DII.B) Headlines

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