The Simply Good Foods Co (The Simply Good Foods Co) Cash And Cash Equivalents : $136 Mil (As of Feb. 2024)

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What is The Simply Good Foods Co Cash And Cash Equivalents?

The Simply Good Foods Co's quarterly cash and cash equivalents increased from Aug. 2023 ($87.72 Mil) to Nov. 2023 ($121.39 Mil) and increased from Nov. 2023 ($121.39 Mil) to Feb. 2024 ($135.88 Mil).

The Simply Good Foods Co's annual cash and cash equivalents declined from Aug. 2021 ($75.35 Mil) to Aug. 2022 ($67.49 Mil) but then increased from Aug. 2022 ($67.49 Mil) to Aug. 2023 ($87.72 Mil).

The Simply Good Foods Co Cash And Cash Equivalents Historical Data

The historical data trend for The Simply Good Foods Co'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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The Simply Good Foods Co Cash And Cash Equivalents Chart

The Simply Good Foods Co Annual Data

Trend

Aug16

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash And Cash Equivalents

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266.34

95.85

75.35

67.49

87.72

The Simply Good Foods Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															63.21	68.79	87.72	121.39	135.88

The Simply Good Foods Co 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.

The Simply Good Foods Co (NAS:SMPL) 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.

The Simply Good Foods Co Cash And Cash Equivalents Related Terms

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The Simply Good Foods Co (The Simply Good Foods Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Simply Good Foods Co (NAS:SMPL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

76L:Germany

Address

1225, 17th Street, Suite 1000, Denver, CO, USA, 80202

Website

http://www.thesimplygoodfoodscompany.com

The Simply Good Foods Co is a consumer packaged food and beverage company. It provides low-carbohydrate, high protein bars, shakes, and other products such as confections, chips, and cookies under the Atkins and Quest brands. The company distributes its products in retail channels, predominantly in North America, including grocery, club, and mass merchandise, as well as through e-commerce, convenience, and other channels.

Executives

Susan Hunsberger	officer: SVP and Chief HR Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Heflin Stuart E. Jr.	officer: SVP & General Manager, Quest	1225 17TH ST., SUITE 1000, DENVER CO 80202
Brian K. Ratzan	director	3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Timothy Richard Kraft	officer: Gen. Counsel & Corp. Secretary	THE SIMPLY GOOD FOODS COMPANY, 1225 17TH STREET, SUITE 1000, DENVER CO 80202
Ryan Thomas	officer: SVP and GM Atkins marketing	1225 17TH ST., SUITE 1000, DENVER CO 80202
Jill M. Short	officer: Chief Customer Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Geoff E Tanner	director, officer: President and COO	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Timothy Allen Matthews	officer: VP, Controller and CAO	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Robert G. Montgomery	director	3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Jeremy Scott Ivie	officer: Chief Product Tech Officer	1225 17TH ST., SUITE 1000, DENVER CO 80202
Linda Zink	officer: Chief Marketing Officer Quest	1225 17TH ST., SUITE 1000, DENVER CO 80202
Joseph Scalzo	director, officer: CEO and President	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Conyers Park Sponsor Llc	director, 10 percent owner	31 WEST 52ND STREET 22ND FLOOR, NEW YORK NY 10019
C Scott Parker	officer: Chief Marketing Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Joseph J Schena	director	C/O CONYERS PARK II ACQUISITION CORP., 1 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831