Hexcel (STU:HXL) Cash And Cash Equivalents : €79 Mil (As of Mar. 2024)

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What is Hexcel Cash And Cash Equivalents?

Hexcel's quarterly cash and cash equivalents increased from Sep. 2023 (€91.55 Mil) to Dec. 2023 (€208.16 Mil) but then stayed the same from Dec. 2023 (€208.16 Mil) to Mar. 2024 (€79.03 Mil).

Hexcel's annual cash and cash equivalents declined from Dec. 2021 (€113.02 Mil) to Dec. 2022 (€105.73 Mil) but then increased from Dec. 2022 (€105.73 Mil) to Dec. 2023 (€208.16 Mil).

Hexcel Cash And Cash Equivalents Historical Data

The historical data trend for Hexcel'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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Hexcel Cash And Cash Equivalents Chart

Hexcel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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57.96

84.91

113.02

105.73

208.16

Hexcel 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															98.72	96.18	91.55	208.16	79.03

Hexcel 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.

Hexcel (STU:HXL) 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.

Hexcel Cash And Cash Equivalents Related Terms

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Hexcel (STU:HXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hexcel Corp (STU:HXL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

HXL:USA HXL:Germany

Address

281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, USA, 06901

Website

https://www.hexcel.com

Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.