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ADT's quarterly cash and cash equivalents increased from Jun. 2023 ($146.44 Mil) to Sep. 2023 ($238.58 Mil) but then stayed the same from Sep. 2023 ($238.58 Mil) to Dec. 2023 ($14.62 Mil).
ADT's annual cash and cash equivalents increased from Dec. 2021 ($24.45 Mil) to Dec. 2022 ($257.22 Mil) but then declined from Dec. 2022 ($257.22 Mil) to Dec. 2023 ($14.62 Mil).
The historical data trend for ADT'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.
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.
ADT (NYSE:ADT) 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.
Thank you for viewing the detailed overview of ADT's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
David A. Scott | officer: EVP, Chief People & Admin. Off | 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112 |
Marques Coleman | director | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
Nicole Bonsignore | director | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
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Jamie Elizabeth Haenggi | officer: SVP, Chief Sales & Mktg. Off. | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
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David W Smail | officer: EVP, CLO and Secretary | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
Daniel Bresingham | officer: EVP, Chief Admin. Off. & Treas | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
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Paul Joseph Smith | director | ONE STATE FARM PLAZA E-12, BLOOMINGTON IL 61710-0001 |
Lewis William M Jr | director | 9 WEST 57TH STREET, NEW YORK NY 10019 |
Benjamin Honig | director | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
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