Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Cash And Cash Equivalents : R$5,039 Mil (As of Mar. 2024)

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What is Usinas Siderurgicas de Minas Gerais Cash And Cash Equivalents?

Usinas Siderurgicas de Minas Gerais's quarterly cash and cash equivalents increased from Sep. 2023 (R$4,198.58 Mil) to Dec. 2023 (R$4,655.04 Mil) and increased from Dec. 2023 (R$4,655.04 Mil) to Mar. 2024 (R$5,038.96 Mil).

Usinas Siderurgicas de Minas Gerais's annual cash and cash equivalents declined from Dec. 2021 (R$6,341.02 Mil) to Dec. 2022 (R$2,916.05 Mil) but then increased from Dec. 2022 (R$2,916.05 Mil) to Dec. 2023 (R$4,655.04 Mil).

Usinas Siderurgicas de Minas Gerais Cash And Cash Equivalents Historical Data

The historical data trend for Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais Cash And Cash Equivalents Chart

Usinas Siderurgicas de Minas Gerais Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,252.97

3,261.29

6,341.02

2,916.05

4,655.04

Usinas Siderurgicas de Minas Gerais 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															4,575.63	3,750.27	4,198.58	4,655.04	5,038.96

Usinas Siderurgicas de Minas Gerais 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.

Usinas Siderurgicas de Minas Gerais (BSP:USIM3) 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.

Usinas Siderurgicas de Minas Gerais Cash And Cash Equivalents Related Terms

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Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usinas Siderurgicas de Minas Gerais SA (BSP:USIM3) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

USNZY:USA XUSIO:Spain XUSI:Spain U1S1:Germany USIM6:Brazil USIM5:Brazil

Address

Rua Professor Jose Vieira de Mendonca, 3.011 - Engenho Nogueira, Belo Horizonte, MG, BRA, 31310-260

Website

https://www.usiminas.com

Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company that is primarily engaged in the production and distribution of flat steel products. The company's product portfolio consists of ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled products, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the three biggest export destination markets for the company.

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