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Magna International (TSX:MG) Cash, Cash Equivalents, Marketable Securities : C$1,437 Mil (As of Sep. 2024)


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What is Magna International Cash, Cash Equivalents, Marketable Securities?

Magna International's quarterly cash, cash equivalents, marketable securities declined from Mar. 2024 (C$2,053.41 Mil) to Jun. 2024 (C$1,369.13 Mil) but then increased from Jun. 2024 (C$1,369.13 Mil) to Sep. 2024 (C$1,437.23 Mil).

Magna International's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (C$3,773.44 Mil) to Dec. 2022 (C$1,676.39 Mil) and declined from Dec. 2022 (C$1,676.39 Mil) to Dec. 2023 (C$1,607.24 Mil).


Magna International Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Magna International's Cash, Cash Equivalents, Marketable Securities 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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Magna International Cash, Cash Equivalents, Marketable Securities Chart

Magna International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,680.36 4,185.98 3,773.44 1,676.39 1,607.24

Magna International Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,382.87 1,607.24 2,053.41 1,369.13 1,437.23

Magna International Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.


Magna International  (TSX:MG) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.


Magna International Cash, Cash Equivalents, Marketable Securities Related Terms

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Magna International Business Description

Industry
Traded in Other Exchanges
Address
337 Magna Drive, Aurora, ON, CAN, L4G 7K1
Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's $42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%. The company was founded in 1957, has over 179,000 employees, and is based in Aurora, Ontario.
Executives
Patrick William David Mccann Senior Officer
Seetarama Swamy Kotagiri Director, Senior Officer
Bruce Cluney Senior Officer
Uwe Paul-ernst Geissinger Senior Officer
Peter Guy Bowie Director
Vincent Joseph Galifi Senior Officer
Magna International Inc. Issuer
Aaron David Mccarthy Senior Officer
Boris Shulkin Senior Officer
Eric Jon Wilds Wilds Senior Officer
Anton Mayer Senior Officer
Mary Lou Maher Director
Matteo Del Sorbo Senior Officer
Tommy Joseph Skudutis Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Guenther Friedrich Apfalter Senior Officer

Magna International Headlines