Webco Industries (Webco Industries) Cash And Cash Equivalents : $6.2 Mil (As of Jul. 2023)

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What is Webco Industries Cash And Cash Equivalents?

Webco Industries's quarterly cash and cash equivalents declined from Jul. 2017 ($7.19 Mil) to Jul. 2018 ($7.14 Mil) but then stayed the same from Jul. 2018 ($7.14 Mil) to Jul. 2023 ($6.21 Mil).

Webco Industries's annual cash and cash equivalents declined from Jul. 2017 ($7.19 Mil) to Jul. 2018 ($7.14 Mil) and declined from Jul. 2018 ($7.14 Mil) to Jul. 2023 ($6.21 Mil).

Webco Industries Cash And Cash Equivalents Historical Data

The historical data trend for Webco 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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Webco Industries Cash And Cash Equivalents Chart

Webco Industries Annual Data

Trend

Jul05

Jul06

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul23

Cash And Cash Equivalents

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6.90

6.26

7.19

7.14

6.21

Webco Industries Semi-Annual Data
	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul06	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul23
Cash And Cash Equivalents	Get a 7-Day Free Trial															6.90	6.26	7.19	7.14	6.21

Webco 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.

Webco Industries (OTCPK:WEBC) 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.

Webco Industries Cash And Cash Equivalents Related Terms

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Webco Industries (Webco Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Webco Industries Inc (OTCPK:WEBC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

9101 West 21st Street S, P.O. Box 100, Sand Springs, OK, USA, 74063

Website

https://www.webcotube.com

Webco Industries Inc is a specialty manufacturer of high-quality carbon and stainless steel tubing products that are designed to industry and customer specifications. The company's products include Welded tubing; Cold drawn- Welded and Cold drawn- Seamless. Its value-added services include bending, custom mill length, end formed/swaged, finning, heat treating, packaging, precision cutting, product availability and responsiveness.

Executives

Dana Suzette Weber	director, 10 percent owner, officer: Pres and COO
F William Weber	director, 10 percent owner, officer: Chmn and CEO
Bradley Scott Vetal	director	10701 E UTE STREET, TULSA OK 74116
Jack D Mccarthy	director
David Edward Boyer	officer: Sr VP - Tubing Oper and Secy
Michael Paul Howard	officer: Sr VP - Fin and Adm / CFO
Kenneth Eugene Case	director
Christopher Lee Kowalski	director, officer: Pres of 100% owned sub