Great Lakes Dredge & Dock (FRA:5GL) Cash And Cash Equivalents : €10.5 Mil (As of Mar. 2025)

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What is Great Lakes Dredge & Dock Cash And Cash Equivalents?

Great Lakes Dredge & Dock's quarterly cash and cash equivalents declined from Sep. 2024 (€10.85 Mil) to Dec. 2024 (€9.76 Mil) but then increased from Dec. 2024 (€9.76 Mil) to Mar. 2025 (€10.49 Mil).

Great Lakes Dredge & Dock's annual cash and cash equivalents increased from Dec. 2022 (€6.18 Mil) to Dec. 2023 (€20.95 Mil) but then declined from Dec. 2023 (€20.95 Mil) to Dec. 2024 (€9.76 Mil).

Great Lakes Dredge & Dock Cash And Cash Equivalents Historical Data

The historical data trend for Great Lakes Dredge & Dock'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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Great Lakes Dredge & Dock Cash And Cash Equivalents Chart

Great Lakes Dredge & Dock Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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177.97

128.73

6.18

20.95

9.76

Great Lakes Dredge & Dock Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash And Cash Equivalents	Get a 7-Day Free Trial															20.98	21.49	10.85	9.76	10.49

Great Lakes Dredge & Dock 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.

Great Lakes Dredge & Dock (FRA:5GL) 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.

Great Lakes Dredge & Dock Cash And Cash Equivalents Related Terms

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Great Lakes Dredge & Dock Business Description

Industry

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GLDD:USA

Address

9811 Katy Freeway, Suite 1200, Houston, TX, USA, 77024

Website

https://www.gldd.com

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The Company is also fully engaged in expanding its core business into the offshore energy industry. Dredging involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Company work generally is to performed in coastal waterways and deep water ports. Its project portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.

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