AZEK (The AZEK Co) Cash And Cash Equivalents : $164 Mil (As of Sep. 2024)

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What is The AZEK Co Cash And Cash Equivalents?

The AZEK Co's quarterly cash and cash equivalents increased from Mar. 2024 ($227.40 Mil) to Jun. 2024 ($346.95 Mil) but then stayed the same from Jun. 2024 ($346.95 Mil) to Sep. 2024 ($164.03 Mil).

The AZEK Co's annual cash and cash equivalents increased from Sep. 2022 ($120.82 Mil) to Sep. 2023 ($278.31 Mil) but then declined from Sep. 2023 ($278.31 Mil) to Sep. 2024 ($164.03 Mil).

The AZEK Co Cash And Cash Equivalents Historical Data

The historical data trend for The AZEK Co'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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The AZEK Co Cash And Cash Equivalents Chart

The AZEK Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash And Cash Equivalents

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215.01

250.54

120.82

278.31

164.03

The AZEK Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															278.31	274.76	227.40	346.95	164.03

The AZEK Co 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.

The AZEK Co (NYSE:AZEK) 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.

The AZEK Co Cash And Cash Equivalents Related Terms

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The AZEK Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » The AZEK Co Inc (NYSE:AZEK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1330 W Fulton Street, Suite 350, Chicago, IL, USA, 60607

Website

https://www.azekco.com

The AZEK Co Inc is a designer and manufacturer of beautiful, low maintenance and environmentally sustainable products focused on the fast-growing Outdoor Living market. Its portfolio of products includes decks, rail, trim, outdoor furniture among others. The company operates in two segments: Residential Segment that manufactures and distributes decking, railing, trim, moulding, pergolas and cabanas and accessories through a national network of dealers and distributors and multiple home improvement retailers; and Commercial Segment that manufactures, fabricates and distributes lockers and bathroom partitions. It generates maximum revenue from the Residential segment. The company's brand includes TimberTech; AZEK; Versatex, Ultralox, StruXure, and Intex.

Executives

Jonathan Skelly	officer: See Remarks	1330 W. FULTON MARKET STREET, SUITE 350, CHICAGO IL 60607
Jesse G Singh	director, officer: CEO and President	16430 N. SCOTTSDALE ROAD, SUITE 400, SCOTTSDALE AZ 85254
Pamela J Edwards	director	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Amanda Cimaglia	officer: VP of ESG and IR	1330 WEST FULTON MARKET STREET, SUITE 350, CHICAGO IL 60607
Michelle A Kasson	officer: Chief Information Officer	1330 W. FULTON MARKET STREET, SUITE 350, CHICAGO IL 60607
Samara Toole	officer: Chief Marketing Officer	1330 W FULTON STREET, SUITE 350, CHICAGO IL 60607
Randy Herth	officer: Chief Accounting Officer	1330 W. FULTON ST., SUITE 350, CHICAGO IL 60607
Harmit J Singh	director	71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606
Ares Corporate Opportunities Fund Iv, L.p.	director, 10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ontario Teachers Pension Plan Board	director, 10 percent owner	5650 YONGE STREET, TORONTO A6 M2M 4H5
Christopher Latkovic	officer: SVP, Operations	1330 W. FULTON STREET, SUITE 350, CHICAGO IL 60607
Gary E Hendrickson	director	1101 THIRD STREET SOUTH, MINNEAPOLIS MN 55415
Vernon J Nagel	director	1330 W. FULTON STREET, SUITE 350, CHICAGO IL 60607
Sandra Lamartine	officer: CHRO	1330 WEST FULTON MARKET STREET, SUITE 350, CHICAGO IL 60607
Peter G Clifford	officer: CFO	40 TOURNAMENT DRIVE SOUTH, HAWTHORN WOODS IL 60047