BGC Group (BGC Group) Cash And Cash Equivalents : $656 Mil (As of Dec. 2023)

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What is BGC Group Cash And Cash Equivalents?

BGC Group's quarterly cash and cash equivalents increased from Jun. 2023 ($526.29 Mil) to Sep. 2023 ($559.59 Mil) and increased from Sep. 2023 ($559.59 Mil) to Dec. 2023 ($655.64 Mil).

BGC Group's annual cash and cash equivalents declined from Dec. 2021 ($553.60 Mil) to Dec. 2022 ($484.99 Mil) but then increased from Dec. 2022 ($484.99 Mil) to Dec. 2023 ($655.64 Mil).

BGC Group Cash And Cash Equivalents Historical Data

The historical data trend for BGC Group'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.

BGC Group Cash And Cash Equivalents Chart

BGC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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415.38

596.29

553.60

484.99

655.64

BGC Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															484.99	493.50	526.29	559.59	655.64

BGC Group 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.

BGC Group (NAS:BGC) 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.

BGC Group Cash And Cash Equivalents Related Terms

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BGC Group (BGC Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BGC Group Inc (NAS:BGC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ESD:Germany

Address

499 Park Avenue, New York, NY, USA, 10022

Website

https://www.bgcg.com

BGC Group Inc is a brokerage and financial technology company that serves the global financial markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, brokerage houses, hedge funds, and investment banks. BGC operates in one reportable segment, which is providing brokerage services to the financial markets. The company earns the majority of its revenue in the United Kingdom followed by the United States.

Executives

William Dean Addas	director	C/O DEUTSCHE BANK, 300 S. GRAND AVENUE, LOS ANGELES CA 90071-3109
Jason W. Hauf	officer: Chief Financial Officer	BGC PARTNERS, 499 PARK AVENUE, NEW YORK NY 10022
Arthur U Mbanefo	director	280 PARK AVENUE 40 WEST, CO ORIX, NEW YORK NY 10017
Sean A Windeatt	officer: Chief Operating Officer	C/O BGC PARTNERS, INC., 499 PARK AVENNUE NY 10022
Stephen M Merkel	officer: EVP and General Counsel	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Linda A Bell	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
David Richards	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Martin Laguerre	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Steven Bisgay	officer: Chief Financial Officer	545 WASHINGTON BLVD, JERSEY CITY NJ 07310
Cf Group Management Inc	director, 10 percent owner	135 EAST 57TH ST, NEW YORK NY 10022
Cantor Fitzgerald, L. P.	director, 10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Sean Galvin	officer: Chief Accounting Officer	545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
William J Moran	director	135 EAST 57TH ST, NEW YORK NY 10022
Howard W Lutnick	director, 10 percent owner, officer: Chief Executive Officer
Steven R Mcmurray	officer: Chief Financial Officer	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022