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Spectrum Brands Holdings's quarterly cash and cash equivalents declined from Jun. 2023 ($2,930.20 Mil) to Sep. 2023 ($753.90 Mil) but then stayed the same from Sep. 2023 ($753.90 Mil) to Dec. 2023 ($445.40 Mil).
Spectrum Brands Holdings's annual cash and cash equivalents increased from Sep. 2021 ($187.90 Mil) to Sep. 2022 ($243.70 Mil) and increased from Sep. 2022 ($243.70 Mil) to Sep. 2023 ($753.90 Mil).
The historical data trend for Spectrum Brands Holdings'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.
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.
Spectrum Brands Holdings (NYSE:SPB) 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.
Thank you for viewing the detailed overview of Spectrum Brands Holdings's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
David M Maura | director, officer: Executive Chairman and CEO | C/O MOSAIC ACQUISITION CORP., 375 PARK AVENUE, NEW YORK NY 10152 |
Ehsan Zargar | officer: EVP, GC & Corporate Secretary | C/O HRG GROUP, INC., 450 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10022 |
Joan Kai Chow | director | 215 W DIEHL ROAD, NAPERVILLE IL 60563 |
Leslie Lloyd Campbell | director | C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562 |
Daniel L Karpel | officer: VP, Corporate Controller & CAO | 3001 DEMING WAY, MIDDLETON WI 53562 |
Jeremy W Smeltser | officer: EVP & CFO | 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Rebeckah Long | officer: SVP & Global HR | C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562 |
Randal D. Lewis | officer: EVP & COO | C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562 |
Sherianne James | director | C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562 |
Hugh R Rovit | director | C/O ONEIDA LTD., 163-181 KENWOOD AVENUE, ONEIDA NY 13421 |
Terry Polistina | director | 5980 MIAMI LAKES DRIVE, MIAMI LAKES FL 33014 |
Anne Sempowski Ward | director | C/O VANDA PHARMACEUTICALS INC., 2200 PENNSYLVANIA AVENUE, SUITE 300E, WASHINGTON DC 20037 |
Gautam Patel | director | C/O AMNEAL PHARMACEUTICALS LLC, 400 CROSSING BLVD, BRIDGEWATER NJ 08807 |
Jefferies Financial Group Inc. | 10 percent owner | 520 MADISON AVENUE, NEW YORK NY 10022 |
David Harris | director | 237 PARK AVENUE - SUITE 900, NEW YORK NY 10017 |
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