Siebert Financial (Siebert Financial) Cash And Cash Equivalents : $4.93 Mil (As of Sep. 2023)

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What is Siebert Financial Cash And Cash Equivalents?

Siebert Financial's quarterly cash and cash equivalents increased from Mar. 2023 ($3.93 Mil) to Jun. 2023 ($7.63 Mil) but then stayed the same from Jun. 2023 ($7.63 Mil) to Sep. 2023 ($4.93 Mil).

Siebert Financial's annual cash and cash equivalents increased from Dec. 2020 ($3.63 Mil) to Dec. 2021 ($3.76 Mil) and increased from Dec. 2021 ($3.76 Mil) to Dec. 2022 ($23.67 Mil).

Siebert Financial Cash And Cash Equivalents Historical Data

The historical data trend for Siebert Financial'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.

Siebert Financial Cash And Cash Equivalents Chart

Siebert Financial Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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7.23

4.67

3.63

3.76

23.67

Siebert Financial Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															4.49	23.67	3.93	7.63	4.93

Siebert Financial 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.

Siebert Financial (NAS:SIEB) 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.

Siebert Financial Cash And Cash Equivalents Related Terms

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Siebert Financial (Siebert Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Siebert Financial Corp (NAS:SIEB) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

STF:Germany

Address

535 Fifth Avenue, 4th Floor, New York, NY, USA, 10017

Website

https://www.siebert.com

Siebert Financial Corp is a holding company. It conducts retail discount brokerage business through its wholly-owned subsidiary. The firm mainly provides online and traditional brokerage and related services to retail investors and also acts as an investment advisor for its subsidiary. The company operates in the securities brokerage and asset management industry. It also engages in Insurance services, Robo-advisory technology, and Prime brokerage business through its subsidiaries.

Executives

Hocheol Simon Shin	director	535 FIFTH AVENUE, 4TH FLOOR, NEW YORK NY 10017
Kakao Corp	10 percent owner	TOWER A, 166 PANGYOYEOK-RO, BUNDANG-GU, GYEONGGI-DO, SEONGNAM-SI M5 13529
Kakaopay Corp	10 percent owner	15F, TOWER B, 166 PANGYOYEOK-RO, BUNDANG-GU, SEONGNAM-SI, GYEONGGI-DO, SEONGNAM-SI M5 13529
John M. Gebbia	other: MEMBER OF 10% OWNER GROUP	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, 25TH FLOOR, NEW YORK NY 10005
Cynthia Dibartolo	other: See footnote	535 FIFTH AVENUE, 4TH FLOOR, NEW YORK NY 10017
John J Gebbia	director	120 WALL STREET, 25TH FLOOR, NEW YORK NY 10005
David Gebbia	other: MEMBER OF 10% OWNER GROUP	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, 25TH FLOOR, NEW YORK NY 10005
Richard Gebbia	other: MEMBER OF 10% OWNER GROUP	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, 25TH FLOOR, NEW YORK NY 10005
Gloria E Gebbia	director, other: 10% Owner(1)	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Kennedy Cabot Acquisition, Llc	10 percent owner	24100 CALABASAS ROAD, CALABASAS CA 91302
Francis V Cuttita	director	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Jerry M Schneider	director	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Charles Zabatta	director	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Andrew H Reich	director, officer: EVP, COO, CFO and Secretary	C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Leonard M Leiman	director	C/O SIEBERT FINANCIAL CORP, 885 THIRD AVE STE 1720, NEW YORK NY 10022