Amcor (AMCRY) Cash And Cash Equivalents : $457 Mil (As of Mar. 2024)

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What is Amcor Cash And Cash Equivalents?

Amcor's quarterly cash and cash equivalents declined from Sep. 2023 ($524.00 Mil) to Dec. 2023 ($430.00 Mil) but then increased from Dec. 2023 ($430.00 Mil) to Mar. 2024 ($457.00 Mil).

Amcor's annual cash and cash equivalents declined from Jun. 2021 ($850.00 Mil) to Jun. 2022 ($775.00 Mil) and declined from Jun. 2022 ($775.00 Mil) to Jun. 2023 ($689.00 Mil).

Amcor Cash And Cash Equivalents Historical Data

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

Amcor Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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601.60

743.00

850.00

775.00

689.00

Amcor 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															564.00	689.00	524.00	430.00	457.00

Amcor 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.

Amcor (OTCPK:AMCRY) 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.

Amcor Cash And Cash Equivalents Related Terms

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Amcor (AMCRY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Amcor PLC (OTCPK:AMCRY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

AMCR:USA AMCCF:USA 485B:Germany A1CR34:Brazil AMC:Australia

Address

83 Tower Road North, Warmley, Bristol, GBR, BS30 8XP

Website

https://www.amcor.com

Amcor is a global manufacturer of flexible and rigid plastic packaging and provides packaging solutions to the food, beverage, pharmaceuticals, medical, household, personal care, and industrials sectors. Operations span more than 40 countries and over 200 locations. Around half of group sales are derived from North America, one quarter from Europe, and the remainder from emerging markets. Amcor operates two distinct businesses: flexibles and rigids. Flexibles accounts for about 80% of earnings and produces plastic, aluminium, and fibre-based packaging. Rigids accounts for about 20% of earnings and consists primarily of hot-fill and cold-fill polyethylene terephthalate bottling solutions in the North American and Latin American markets.