Applied Industrial Technologies (Applied Industrial Technologies) Cash And Cash Equivalents : $457 Mil (As of Mar. 2024)

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What is Applied Industrial Technologies Cash And Cash Equivalents?

Applied Industrial Technologies's quarterly cash and cash equivalents increased from Sep. 2023 ($360.42 Mil) to Dec. 2023 ($412.86 Mil) and increased from Dec. 2023 ($412.86 Mil) to Mar. 2024 ($456.53 Mil).

Applied Industrial Technologies's annual cash and cash equivalents declined from Jun. 2021 ($257.75 Mil) to Jun. 2022 ($184.47 Mil) but then increased from Jun. 2022 ($184.47 Mil) to Jun. 2023 ($344.04 Mil).

Applied Industrial Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Applied Industrial Technologies'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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Applied Industrial Technologies Cash And Cash Equivalents Chart

Applied Industrial Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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108.22

268.55

257.75

184.47

344.04

Applied Industrial Technologies 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															182.13	344.04	360.42	412.86	456.53

Applied Industrial Technologies 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.

Applied Industrial Technologies (NYSE:AIT) 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.

Applied Industrial Technologies Cash And Cash Equivalents Related Terms

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Applied Industrial Technologies (Applied Industrial Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Applied Industrial Technologies Inc (NYSE:AIT) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

AT4:Germany

Address

1 Applied Plaza, Cleveland, OH, USA, 44115

Website

https://www.applied.com

Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. Fluid products include hydraulic, pneumatic, lubrication, and filtration systems and components. Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand.

Executives

Neil A Schrimsher	director, officer: President and CEO	ONE APPLIED PLAZA, CLEVELAND OH 44115
Peter C Wallace	director	C/O ROBBINS & MYERS, INC., 51 PLUM STREET, SUITE 260, DAYTON OH 45440
Hoffner Warren E Iii	officer: VP-General Mgr, Fluid Power	ONE APPLIED PLAZA, CLEVELAND OH 44115
Kurt W. Loring	officer: VP-Chief HR Officer	ONE APPLIED PLAZA, CLEVELAND OH 44115
Mary Dean Hall	director	4920 O'HEAR AVENUE, SUITE 400, NORTH CHARLESTON SC 29405
Jon S Ploetz	officer: VP-General Counsel & Secretary	ONE APPLIED PLAZA, CLEVELAND OH 44115
Fred D Bauer	officer: VP-General Counsel & Secretary	ONE APPLIED PLZ, CLEVELAND OH 44115-5056
Vincent K Petrella	director
Shelly Marie Chadwick	director	6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Christopher Macey	other: Corporate Controller	5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Peter A Dorsman	director
Jason W Vasquez	officer: VP-Sales & Marketing-USSC	ONE APPLIED PLAZA, CLEVELAND OH 44115
Jerry Sue Thornton	director	C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Madhuri A Andrews	director	2525 STEMMONS FRWY, DALLAS TX 75207
Green Edith Kelly	director	3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118