Hitachi Construction Machinery Co (Hitachi Construction Machinery Co) Cash And Cash Equivalents : $958 Mil (As of Mar. 2024)

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What is Hitachi Construction Machinery Co Cash And Cash Equivalents?

Hitachi Construction Machinery Co's quarterly cash and cash equivalents increased from Sep. 2023 ($708.04 Mil) to Dec. 2023 ($791.37 Mil) and increased from Dec. 2023 ($791.37 Mil) to Mar. 2024 ($958.03 Mil).

Hitachi Construction Machinery Co's annual cash and cash equivalents increased from Mar. 2022 ($794.90 Mil) to Mar. 2023 ($837.86 Mil) and increased from Mar. 2023 ($837.86 Mil) to Mar. 2024 ($958.03 Mil).

Hitachi Construction Machinery Co Cash And Cash Equivalents Historical Data

The historical data trend for Hitachi Construction Machinery 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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Hitachi Construction Machinery Co Cash And Cash Equivalents Chart

Hitachi Construction Machinery Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash And Cash Equivalents

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577.38

739.01

794.90

837.86

958.03

Hitachi Construction Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															837.86	763.34	708.04	791.37	958.03

Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co (OTCPK:HTCMY) 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.

Hitachi Construction Machinery Co Cash And Cash Equivalents Related Terms

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Hitachi Construction Machinery Co (Hitachi Construction Machinery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hitachi Construction Machinery Co Ltd (OTCPK:HTCMY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

6305:Japan HCM:Germany

Address

16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015

Website

https://www.hitachicm.com

Hitachi Construction Machinery, or HCM, manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining/construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.4% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo, Japan.