Worthington Steel (FRA:Z2J) Cash And Cash Equivalents : €61 Mil (As of Feb. 2025)

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What is Worthington Steel Cash And Cash Equivalents?

Worthington Steel's quarterly cash and cash equivalents increased from Aug. 2024 (€32.65 Mil) to Nov. 2024 (€48.98 Mil) and increased from Nov. 2024 (€48.98 Mil) to Feb. 2025 (€60.77 Mil).

Worthington Steel's annual cash and cash equivalents increased from May. 2022 (€18.97 Mil) to May. 2023 (€30.08 Mil) and increased from May. 2023 (€30.08 Mil) to May. 2024 (€37.19 Mil).

Worthington Steel Cash And Cash Equivalents Historical Data

The historical data trend for Worthington Steel'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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Worthington Steel Cash And Cash Equivalents Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

May24

Cash And Cash Equivalents

14.37

18.97

30.08

37.19

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Cash And Cash Equivalents	Get a 7-Day Free Trial								56.36	37.19	32.65	48.98	60.77

Worthington Steel 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.

Worthington Steel (FRA:Z2J) 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.

Worthington Steel Cash And Cash Equivalents Related Terms

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Worthington Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (FRA:Z2J) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

WS:USA

Address

100 Old Wilson Bridge Road, Columbus, OH, USA, 43085

Website

https://www.worthingtonsteel.com

Worthington Steel Inc is a processor of carbon flat-rolled steel, a producer of laser-welded solutions, and a provider of electrical steel laminations. The company has manufacturing facilities across the United States, Canada, China, India, Germany and Mexico. It buys coils of steel from primary steel producers and processes them to precise type, thickness, length, width, shape, and surface quality required by customer specifications. The company's product lines and processing capabilities include; carbon flat-rolled steel processing, electrical steel laminations, and tailor welded products. Geographically, the company generates a majority of its revenue from the United States followed by Canada, Mexico, and other regions.

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