IESC (IES Holdings) Cash And Cash Equivalents : $101 Mil (As of Sep. 2024)

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What is IES Holdings Cash And Cash Equivalents?

IES Holdings's quarterly cash and cash equivalents declined from Mar. 2024 ($105.97 Mil) to Jun. 2024 ($44.90 Mil) but then increased from Jun. 2024 ($44.90 Mil) to Sep. 2024 ($100.83 Mil).

IES Holdings's annual cash and cash equivalents increased from Sep. 2022 ($24.85 Mil) to Sep. 2023 ($75.77 Mil) and increased from Sep. 2023 ($75.77 Mil) to Sep. 2024 ($100.83 Mil).

IES Holdings Cash And Cash Equivalents Historical Data

The historical data trend for IES Holdings'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.

* Premium members only.

IES Holdings Cash And Cash Equivalents Chart

IES Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash And Cash Equivalents

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53.58

23.11

24.85

75.77

100.83

IES Holdings 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															75.77	87.46	105.97	44.90	100.83

IES Holdings 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.

IES Holdings (NAS:IESC) 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.

IES Holdings Cash And Cash Equivalents Related Terms

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IES Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IES Holdings Inc (NAS:IESC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

45T:Germany 45T:Germany

Address

2 Riverway, Suite 1730, Houston, TX, USA, 77056

Website

https://www.ies-co.com

IES Holdings Inc owns and manages subsidiaries that design and installs integrated electrical and technology systems and provide infrastructure products and services. It has four business segments; Communications, Residential, Infrastructure Solutions, and Commercial & Industrial. The majority of the revenue for the company is generated from its Residential segment in which the company provides electrical installation services for single-family housing and multi-family apartment complexes, as well as heating, ventilation, and air conditioning (HVAC) and plumbing installation services. This segment also provides services for installing residential solar power, both for new construction and existing residences.

Executives

Matthew J Simmes	officer: Chief Operating Officer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Gendell Jeffrey L Et Al	director, 10 percent owner	200 PARK AVENUE SUITE 3900, NEW YORK NY 10166
Mary K Newman	officer: VP, General Counsel & Corp Sec	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Todd M Cleveland	director	107 W. FRANKLIN ST., ELKHART IN 46515
David B. Gendell	director	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Tracy Mclauchlin	officer: SVP, CFO & Treasurer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Alison M Petersen	officer: VP & Chief Accounting Officer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Jennifer A Baldock	director	7 WITHERELL DRIVE, GREENWICH CT 06831
Elizabeth Leykum	director	C/O 5500 TRILLIUM BOULEVARD, SUITE 501, HOFFMAN ESTATES IL 60192
Gary S Matthews	director, officer: CEO and Director	5433 WESTHEIMER ROAD, SUITE 500, HOUSTON TX 77056
Donald L Luke	director	5433 WESTHEIMER RD, SUITE 500, HOUSTON TX 77056
Gail D Makode	officer: SVP, GC & Secretary	ONE SOUND SHORE DR, SUITE 304, GREENWICH CT 06830
Tontine Capital Management Llc	10 percent owner	C/O TORTINE PARTNERS LP, 55 RAILRAOD AVENUE 3RD FL, GREENWICH CT 06830
Tontine Capital Partners L P	10 percent owner	C/O TONTINE CAPITAL MANAGEMENT LLC LP, 55 RAILROAD AVENUE 3RD FL, GREENWICH CT 06830
Tontine Associates, Llc	10 percent owner	1 SOUND SHORE DRIVE, SUITE 304, GREENWICH CT 06830