PRA Group (PRA Group) Cash And Cash Equivalents : $112.5 Mil (As of Dec. 2023)

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What is PRA Group Cash And Cash Equivalents?

PRA Group's quarterly cash and cash equivalents declined from Jun. 2023 ($111.38 Mil) to Sep. 2023 ($105.17 Mil) but then increased from Sep. 2023 ($105.17 Mil) to Dec. 2023 ($112.53 Mil).

PRA Group's annual cash and cash equivalents declined from Dec. 2021 ($87.58 Mil) to Dec. 2022 ($83.38 Mil) but then increased from Dec. 2022 ($83.38 Mil) to Dec. 2023 ($112.53 Mil).

PRA Group Cash And Cash Equivalents Historical Data

The historical data trend for PRA 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.

PRA Group Cash And Cash Equivalents Chart

PRA Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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119.77

108.61

87.58

83.38

112.53

PRA 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															83.38	116.47	111.38	105.17	112.53

PRA 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.

PRA Group (NAS:PRAA) 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.

PRA Group Cash And Cash Equivalents Related Terms

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PRA Group (PRA Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PRA Group Inc (NAS:PRAA) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

POV1:Germany

Address

120 Corporate Boulevard, Norfolk, VA, USA, 23502

Website

https://www.pragroup.com

PRA Group Inc is a leader in acquiring and collecting nonperforming loans. The company returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe, and Australia. With thousands of employees worldwide, PRA Group collaborate with customers to help them resolve their debt.

Executives

Rakesh Sehgal	officer: Chief Financial Officer	150 CORPORATE BLVD, NORFOLK VA 23502
Steven D Fredrickson	director, officer: President, CEO, Chairman	120 CORPORATE BLVD STE 100, NORFOLK VA 23502
Marjorie Mary Connelly	director	2580 PALMER DR, KESWICK VA 22947
Vikram A Atal	director	C/O THE STUDENT LOAN CORP. LEGAL DEPT., 750 WASHINGTON BLVD. 9TH FLOOR, STAMFORD CT 06901
Richard Owen James	officer: Global Investments Officer	150 CORPORATE BLVD, NORFOLK VA 23502
Steven C Roberts	officer: Chief Global Strategy Bus Dev	120 CORPORATE BLVD, NORFOLK VA 23502
Latisha Owens Tarrant	officer: General Counsel & CHRO	150 CORPORATE BLVD, NORFOLK VA 23502
Kevin P Stevenson	officer: EVP, CFO, Treasurer, Asst Secy	120 CORPORATE BLVD STE 100, NORFOLK VA 23502
Peter M Graham	officer: EVP, Chief Financial Officer	150 CORPORATE BLVD, NORFOLK VA 23502
John H Fain	director	REFLECTIONS II, THIRD FLOOR 200 GOLDEN OAK COURT, VIRGINIA BEACH VA 23452
Laura White	officer: Chief Compliance Officer	120 CORPORATE BLVD, NORFOLK VA 23502
Christopher B Graves	officer: EVP, Core Acquisitions	150 CORPORATE BOULEVARD, NORFOLK VA 23502
Christopher D. Lagow	officer: SVP- General Counsel	150 CORPORATE BLVD, NORFOLK VA 23502
Peggy P. Turner	director	6565 HEADQUARTERS DRIVE, PLANO TX 75024
Martin Sjolund	officer: Dir Europe Strategy & Bus Dev	3 EDDISCOMBE RD, LONDON X0 SW6 4TZ