Quanex Building Products (FRA:4Q2) Cash And Cash Equivalents : €41 Mil (As of Jan. 2024)

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What is Quanex Building Products Cash And Cash Equivalents?

Quanex Building Products's quarterly cash and cash equivalents declined from Jul. 2023 (€66.22 Mil) to Oct. 2023 (€55.38 Mil) but then stayed the same from Oct. 2023 (€55.38 Mil) to Jan. 2024 (€40.78 Mil).

Quanex Building Products's annual cash and cash equivalents increased from Oct. 2021 (€34.53 Mil) to Oct. 2022 (€55.92 Mil) but then declined from Oct. 2022 (€55.92 Mil) to Oct. 2023 (€55.38 Mil).

Quanex Building Products Cash And Cash Equivalents Historical Data

The historical data trend for Quanex Building Products'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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Quanex Building Products Cash And Cash Equivalents Chart

Quanex Building Products Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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27.91

43.88

34.53

55.92

55.38

Quanex Building Products Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															39.96	39.67	66.22	55.38	40.78

Quanex Building Products 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.

Quanex Building Products (FRA:4Q2) 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.

Quanex Building Products Cash And Cash Equivalents Related Terms

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Quanex Building Products (FRA:4Q2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanex Building Products Corp (FRA:4Q2) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

NX:USA

Address

945 Bunker Hill Road, Suite 900, Houston, TX, USA, 77024

Website

https://www.quanex.com

Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.

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