Canaccord Genuity Group (Canaccord Genuity Group) Cash And Cash Equivalents : $494 Mil (As of Dec. 2023)

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What is Canaccord Genuity Group Cash And Cash Equivalents?

Canaccord Genuity Group's quarterly cash and cash equivalents declined from Jun. 2023 ($455.98 Mil) to Sep. 2023 ($347.19 Mil) but then increased from Sep. 2023 ($347.19 Mil) to Dec. 2023 ($493.57 Mil).

Canaccord Genuity Group's annual cash and cash equivalents declined from Mar. 2021 ($1,498.36 Mil) to Mar. 2022 ($1,412.53 Mil) and declined from Mar. 2022 ($1,412.53 Mil) to Mar. 2023 ($737.00 Mil).

Canaccord Genuity Group Cash And Cash Equivalents Historical Data

The historical data trend for Canaccord Genuity 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.

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Canaccord Genuity Group Cash And Cash Equivalents Chart

Canaccord Genuity Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash And Cash Equivalents

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613.82

714.26

1,498.36

1,412.53

737.00

Canaccord Genuity 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															657.38	737.00	455.98	347.19	493.57

Canaccord Genuity 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.

Canaccord Genuity Group (OTCPK:CCORF) 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.

Canaccord Genuity Group Cash And Cash Equivalents Related Terms

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Canaccord Genuity Group (Canaccord Genuity Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Canaccord Genuity Group Inc (OTCPK:CCORF) » Definitions » Cash And Cash Equivalents

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Address

609 Granville Street, Suite 2200, Vancouver, BC, CAN, V7Y 1H2

Website

https://www.canaccordgenuity.com

Canaccord Genuity Group Inc is an independent, full-service financial services firm. The Company's segment reporting is based on the following operating segments: Canaccord Genuity Capital Markets, Canaccord Genuity Wealth Management, and Corporate and Other. The company is been driven by an unwavering commitment to building lasting client relationships. It achieves this by generating value for its individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. Its international capital markets division operates in North America, UK and Europe, Asia, Australia and the Middle East.