AGF Management (AGF Management) Cash And Cash Equivalents : $17.0 Mil (As of Feb. 2024)

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What is AGF Management Cash And Cash Equivalents?

AGF Management's quarterly cash and cash equivalents increased from Aug. 2023 ($22.16 Mil) to Nov. 2023 ($36.81 Mil) but then stayed the same from Nov. 2023 ($36.81 Mil) to Feb. 2024 ($17.04 Mil).

AGF Management's annual cash and cash equivalents declined from Nov. 2021 ($68.82 Mil) to Nov. 2022 ($43.56 Mil) and declined from Nov. 2022 ($43.56 Mil) to Nov. 2023 ($36.81 Mil).

AGF Management Cash And Cash Equivalents Historical Data

The historical data trend for AGF Management'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.

AGF Management Cash And Cash Equivalents Chart

AGF Management Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash And Cash Equivalents

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39.03

71.91

68.82

43.56

36.81

AGF Management Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															17.66	14.45	22.16	36.81	17.04

AGF Management 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.

AGF Management (OTCPK:AGFMF) 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.

AGF Management Cash And Cash Equivalents Related Terms

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AGF Management (AGF Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AGF Management Ltd (OTCPK:AGFMF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

A3J:Germany AGF.B:Canada

Address

81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1

Website

https://www.agf.com

AGF Management is a Canada-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of September, the firm had CAD 41.0 billion in total assets under management. Its funds are weighted more heavily toward equities, with close to three fourths of retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with one fourth of its total AUM derived from institutional and subadvised accounts. The company derives 17% of its managed assets from high-net-worth clients.

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