Cash & Equivalents
Barnes Group Cash & Equivalents increased by 22.4% to $80.68M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 10.4%, from $90.04M to $80.68M. Over 3 years (FY 2020 to FY 2023), Cash & Equivalents shows an upward trend with a 4.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase signals improved liquidity and financial flexibility, while a decrease may indicate heavy capital expenditure, debt repayment, or aggressive share buybacks.
Detailed definition
Represents the most liquid assets on the balance sheet, including physical currency and short-term investments with matu...
Peer comparison
Large-cap technology peers often maintain high cash balances to fund rapid innovation and offset the cyclical nature of consumer electronics.
cash_and_equivalentsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $91.13M | $93.48M | $102.86M | $75.26M | $72.28M | $71.59M | $76.86M | $78.68M | $74.67M | $90.04M | $89.83M | $81.64M | $65.91M | $80.68M |
| QoQ Change | — | +2.6% | +10.0% | -26.8% | -4.0% | -1.0% | +7.4% | +2.4% | -5.1% | +20.6% | -0.2% | -9.1% | -19.3% | +22.4% |
| YoY Change | — | — | — | — | -20.7% | -23.4% | -25.3% | +4.6% | +3.3% | +25.8% | +16.9% | +3.8% | -11.7% | -10.4% |
Cash & Equivalents at Other Companies
Frequently Asked Questions
- What is Barnes Group's cash & equivalents?
- Barnes Group (B) reported cash & equivalents of $80.68M in Q3 2024.
- How has Barnes Group's cash & equivalents changed year-over-year?
- Barnes Group's cash & equivalents decreased by 10.4% year-over-year, from $90.04M to $80.68M.
- What is the long-term trend for Barnes Group's cash & equivalents?
- Over 3 years (2020 to 2023), Barnes Group's cash & equivalents has grown at a 4.3% compound annual growth rate (CAGR), from $79.15M to $89.83M.
- What does cash & equivalents mean?
- Money in the bank and very short-term investments that can be turned into cash almost instantly.