Gap (GPS) Cash And Cash Equivalents

: $1,873 Mil (As of Jan. 2024)

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Gap's quarterly cash and cash equivalents increased from Jul. 2023 ($1,350.00 Mil) to Oct. 2023 ($1,351.00 Mil) and increased from Oct. 2023 ($1,351.00 Mil) to Jan. 2024 ($1,873.00 Mil).

Gap's annual cash and cash equivalents declined from Jan. 2021 ($1,988.00 Mil) to Jan. 2022 ($877.00 Mil) but then increased from Jan. 2022 ($877.00 Mil) to Jan. 2023 ($1,215.00 Mil).

Gap Cash And Cash Equivalents Historical Data

The historical data trend for Gap'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.

Gap Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash And Cash Equivalents

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1,081.00

1,364.00

1,988.00

877.00

1,215.00

Gap Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															1,215.00	1,170.00	1,350.00	1,351.00	1,873.00

Gap 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.

Gap (NYSE:GPS) 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.

Gap Cash And Cash Equivalents Related Terms

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Gap (GPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gap Inc (NYSE:GPS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GPS:Mexico GAP:Germany GAP:Germany GPSI34:Brazil

Address

Two Folsom Street, San Francisco, CA, USA, 94105

Website

https://www.gapinc.com

Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.

Executives

John J Fisher	director, 10 percent owner	C/O PISCES INC, 1300 EVANS AVENUE, NO. 880154, SAN FRANCISCO CA 94188
Julie Gruber	officer: EVP & Global General Counsel	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Horacio Barbeito	officer: President & CEO, Old Navy	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Mark Breitbard	officer: Pres. & CEO, Banana Republic	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Katrina O'connell	officer: EVP CFO	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Sarah Gilligan	officer: EVP Sup Chn, Strat & Transform	11305 FOUR POINTS DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Chris Blakeslee	officer: President & CEO, Athleta	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Tariq M Shaukat	director	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Gurmeet Singh	officer: Chief Digital & Tech Officer	2 FOLSOM ST, SAN FRANCISCO CA 94105
Richard Dickson	director	C/O MATTEL, INC., 333 CONTINENTAL BOULEVARD, EL SEGUNDO CA 90245
Mary Beth Laughton	officer: President & CEO, Athleta	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Kathryn A. Hall	director	ONE MARITIME PLAZA, SIXTH FLOOR, SAN FRANCISCO CA 94111
Sonia Syngal	officer: EVP, Global Supply Chain	TWO FOLSOM STREET, SAN FRANCISCO CA 94105
Elisabeth B Donohue	director	C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300, BUFFALO NY 14202
Sheila Peters	officer: EVP & Chief People Officer	2 FOLSOM STREET, SAN FRANCISCO CA 94105