Shimmick (Shimmick) Cash And Cash Equivalents : $27.3 Mil (As of Mar. 2024)

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What is Shimmick Cash And Cash Equivalents?

Shimmick's quarterly cash and cash equivalents increased from Sep. 2023 ($61.86 Mil) to Dec. 2023 ($62.94 Mil) but then stayed the same from Dec. 2023 ($62.94 Mil) to Mar. 2024 ($27.33 Mil).

Shimmick's annual cash and cash equivalents increased from Dec. 2021 ($73.18 Mil) to Dec. 2022 ($77.76 Mil) but then declined from Dec. 2022 ($77.76 Mil) to Dec. 2023 ($62.94 Mil).

Shimmick Cash And Cash Equivalents Historical Data

The historical data trend for Shimmick'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.

* Premium members only.

Shimmick Cash And Cash Equivalents Chart

Shimmick Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

73.18

77.76

62.94

Shimmick Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial				-	61.30	61.86	62.94	27.33

Shimmick 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.

Shimmick (NAS:SHIM) 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.

Shimmick Cash And Cash Equivalents Related Terms

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Shimmick (Shimmick) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shimmick Corp (NAS:SHIM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

530 Technology Drive, Suite 300, Irvine, CA, USA, 92618

Website

https://www.shimmick.com

Shimmick Corp is a leading provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.

Shimmick (Shimmick) Headlines

From GuruFocus

Shimmick Corp (SHIM) Reports Solid Earnings Amidst Strategic Shifts

By GuruFocus Research • 12-19-2023