Astronics (Astronics) Cash And Cash Equivalents : $4.8 Mil (As of Dec. 2023)

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What is Astronics Cash And Cash Equivalents?

Astronics's quarterly cash and cash equivalents increased from Jun. 2023 ($3.47 Mil) to Sep. 2023 ($3.98 Mil) and increased from Sep. 2023 ($3.98 Mil) to Dec. 2023 ($4.76 Mil).

Astronics's annual cash and cash equivalents declined from Dec. 2021 ($29.76 Mil) to Dec. 2022 ($13.78 Mil) and declined from Dec. 2022 ($13.78 Mil) to Dec. 2023 ($4.76 Mil).

Astronics Cash And Cash Equivalents Historical Data

The historical data trend for Astronics'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.

Astronics Cash And Cash Equivalents Chart

Astronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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31.91

40.41

29.76

13.78

4.76

Astronics 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															13.78	4.22	3.47	3.98	4.76

Astronics 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.

Astronics (NAS:ATRO) 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.

Astronics Cash And Cash Equivalents Related Terms

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Astronics (Astronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astronics Corp (NAS:ATRO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ATROB:USA AC1:Germany AC1:Germany

Address

130 Commerce Way, East Aurora, NY, USA, 14052

Website

https://www.astronics.com

Astronics Corp supplies products to the aerospace, defense, and other industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport and business jet markets. Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.

Executives

Robert S Keane	director, 10 percent owner	CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Linda O'brien	director	6124 FOREST HIGHLANDS DR., FORT WORTH TX 76132
Warren C Johnson	director	P.O. BOX 189, 13133 BEAR ROAD, WALES CENTER NY 14169
Nancy L Hedges	officer: Principal Accounting Officer	130 COMMERCE WAY, EAST AURORA NY 14052
Jeffry D Frisby	director	C/O QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 HECTOR STREET, CONSHOHOCKEN PA 19428
James Mulato	other: Pres Astronics Test Systems	4 GOODYEAR, IRVINE CA 92677
Mark Peabody	officer: VP Astronics Advanced Electron	130 COMMERCE WAY, EAST AURORA NY 14052
Tonit M Calaway	director	HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
David C Burney	officer: VP-Finance, Treasurer	130 COMMERCE WAY, EAST AURORA NY 14052
Michael C Kuehn	officer: Executive Vice President	130 COMMERCE WAY, EAST AURORA NY 14052
Mark J Moran	director	1600 SMITH STREET, HQSEO, HOUSTON TX 77002
James S Kramer	officer: VP Luminescent Systems, Inc.	130 COMMERCE WAY, EAST AURORA NY 14052
Peter J Gundermann	director	130 COMMERCE WAY, EAST AURORA NY 14052
Robert J Mckenna	director	38 QUARTERMASTER DRIVE, SALEM SC 29676
5096 Saranac Llc	10 percent owner	1801 ELMWOOD AVENUE, SUITE 1, BUFFALO NY 14207-2463