Summit Materials (LTS:0LAI) Cash, Cash Equivalents, Marketable Securities : $498 Mil (As of Mar. 2024)

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What is Summit Materials Cash, Cash Equivalents, Marketable Securities?

Summit Materials's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($197.48 Mil) to Dec. 2023 ($374.16 Mil) and increased from Dec. 2023 ($374.16 Mil) to Mar. 2024 ($498.11 Mil).

Summit Materials's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($380.96 Mil) to Dec. 2022 ($520.45 Mil) but then declined from Dec. 2022 ($520.45 Mil) to Dec. 2023 ($374.16 Mil).

Summit Materials Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Summit Materials'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.

Summit Materials Cash, Cash Equivalents, Marketable Securities Chart

Summit Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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311.32

418.18

380.96

520.45

374.16

Summit Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															379.46	230.01	197.48	374.16	498.11

Summit Materials 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.

Summit Materials (LTS:0LAI) 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.

Summit Materials Cash, Cash Equivalents, Marketable Securities Related Terms

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Summit Materials (LTS:0LAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Summit Materials Inc (LTS:0LAI) » Definitions » Cash, Cash Equivalents, Marketable Securities

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SUM:USA 7SU:Germany

Address

1801 California Street, Suite 3500, Denver, CO, USA, 80202

Website

https://www.summit-materials.com

Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.

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