SPLPPA.PFD (Steel Partners Holdings LP) Cash And Cash Equivalents : $388.12 Mil (As of Sep. 2024)

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What is Steel Partners Holdings LP Cash And Cash Equivalents?

Steel Partners Holdings LP's quarterly cash and cash equivalents declined from Mar. 2024 ($446.67 Mil) to Jun. 2024 ($428.79 Mil) but then stayed the same from Jun. 2024 ($428.79 Mil) to Sep. 2024 ($388.12 Mil).

Steel Partners Holdings LP's annual cash and cash equivalents declined from Dec. 2021 ($325.36 Mil) to Dec. 2022 ($234.45 Mil) but then increased from Dec. 2022 ($234.45 Mil) to Dec. 2023 ($577.93 Mil).

Steel Partners Holdings LP Cash And Cash Equivalents Historical Data

The historical data trend for Steel Partners Holdings LP'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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Steel Partners Holdings LP Cash And Cash Equivalents Chart

Steel Partners Holdings LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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137.95

135.79

325.36

234.45

577.93

Steel Partners Holdings LP 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															562.15	577.93	446.67	428.79	388.12

Steel Partners Holdings LP 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.

Steel Partners Holdings LP (NYSE:SPLPpA.PFD) 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.

Steel Partners Holdings LP Cash And Cash Equivalents Related Terms

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Steel Partners Holdings LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Steel Partners Holdings LP (NYSE:SPLPpA.PFD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SPLP:USA

Address

590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022

Website

https://www.steelpartners.com

Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. It operates in various segments including the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities.

Executives

Ryan O'herrin	officer: Chief Financial Officer	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022-8547
Joseph Richards Martin	officer: See Remarks	C/O LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 2000, NASHVILLE TN 37219
Gary Tankard	officer: Chief Accounting Officer	C/O STEEL PARTNERS HOLDINGS LP, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Jason Wong	officer: Chief Financial Officer	590 MADISON AVENUE, FLOOR 32, C/O STEEL PARTNERS HOLDINGS LP, NEW YORK NY 10022
Gordon A. Walker	officer: Senior Vice President	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Lon Rosen	director	120 S. CARMELINA AVE., LOS ANGELES CA 90049
Rory H. Tahari	director	510 FIFTH AVENUE, NEW YORK NY 10036
James Iii Benenson	director	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Eric P. Karros	director	C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Emh Howard Llc	other: See Footnote 1	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Fejes William Theodore Jr	officer: President, Steel Services, Ltd	440 NORTH FIFTH AVENUE, CHAMBERSBURG PA 17201
Douglas Woodworth	officer: Chief Financial Officer	STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Spv-i Llc	other: See Explanation of Responses	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners, Ltd.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Wgl Capital Corp.	10 percent owner	590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022