AGC (ASGLY) Cash And Cash Equivalents : $1,014 Mil (As of Dec. 2023)

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What is AGC Cash And Cash Equivalents?

AGC's quarterly cash and cash equivalents declined from Jun. 2023 ($1,194.34 Mil) to Sep. 2023 ($1,108.26 Mil) but then stayed the same from Sep. 2023 ($1,108.26 Mil) to Dec. 2023 ($1,014.44 Mil).

AGC's annual cash and cash equivalents declined from Dec. 2021 ($1,720.33 Mil) to Dec. 2022 ($1,554.43 Mil) and declined from Dec. 2022 ($1,554.43 Mil) to Dec. 2023 ($1,014.44 Mil).

AGC Cash And Cash Equivalents Historical Data

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

AGC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,042.92

2,274.90

1,720.33

1,554.43

1,014.44

AGC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,554.43	1,511.90	1,194.34	1,108.26	1,014.44

AGC 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.

AGC (OTCPK:ASGLY) 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.

AGC Cash And Cash Equivalents Related Terms

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AGC (ASGLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AGC Inc (OTCPK:ASGLY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ASGLF:USA 5201:Japan SHJ:Germany

Address

1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405

Website

https://www.agc.com

AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

AGC (ASGLY) Headlines

From GuruFocus

AGC: The World's Largest Glass Manufacturer

By Holmes Osborne, CFA Holmes Osborne, CFA • 04-18-2019