Iochpe-Maxion (Iochpe-Maxion) Cash, Cash Equivalents, Marketable Securities : $605 Mil (As of Dec. 2023)

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What is Iochpe-Maxion Cash, Cash Equivalents, Marketable Securities?

Iochpe-Maxion's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($506.54 Mil) to Sep. 2023 ($618.52 Mil) but then stayed the same from Sep. 2023 ($618.52 Mil) to Dec. 2023 ($604.59 Mil).

Iochpe-Maxion's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($192.42 Mil) to Dec. 2022 ($436.01 Mil) and increased from Dec. 2022 ($436.01 Mil) to Dec. 2023 ($604.59 Mil).

Iochpe-Maxion Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Iochpe-Maxion'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.

* Premium members only.

Iochpe-Maxion Cash, Cash Equivalents, Marketable Securities Chart

Iochpe-Maxion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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157.42

312.06

192.42

436.01

604.59

Iochpe-Maxion Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															436.01	500.08	506.54	618.52	604.59

Iochpe-Maxion 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.

Iochpe-Maxion (OTCPK:IOCJY) 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.

Iochpe-Maxion Cash, Cash Equivalents, Marketable Securities Related Terms

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Iochpe-Maxion (Iochpe-Maxion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iochpe-Maxion SA (OTCPK:IOCJY) » Definitions » Cash, Cash Equivalents, Marketable Securities

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MYPK3:Brazil

Address

Rua Dr. Othon Barcellos, 83, Cruzeiro, SP, BRA

Website

https://www.iochpe-maxion.com.br

Iochpe-Maxion SA is a Brazilian company involved in the manufacturing of automobile parts. Its core business is the production of wheels and structural components for light and commercial vehicles and equipment for railways. The company is a world leader in the production of automotive wheels. It has nearly 30 manufacturing facilities located globally and has customers worldwide and operates through three divisions; Maxion Wheels, Maxion Structural Components, and Amsted-Maxion. Maxion Wheels produces and markets a wide range of steel wheels, Maxion Structural Components, we produce struts, sleepers, and chassis assembled for light vehicles and Amsted-Maxion produces freight wagons, railway wheels and castings.