Favo Capital (Favo Capital) Cash And Cash Equivalents : $1.08 Mil (As of Sep. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Favo Capital Cash And Cash Equivalents?

Favo Capital's quarterly cash and cash equivalents stayed the same from Mar. 2014 ($0.00 Mil) to Sep. 2022 ($0.00 Mil) but then increased from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($1.08 Mil).

Favo Capital's annual cash and cash equivalents increased from Dec. 2011 ($0.00 Mil) to Dec. 2012 ($0.00 Mil) but then declined from Dec. 2012 ($0.00 Mil) to Dec. 2013 ($0.00 Mil).

Favo Capital Cash And Cash Equivalents Historical Data

The historical data trend for Favo Capital'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.

Favo Capital Cash And Cash Equivalents Chart

Favo Capital Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.01

Favo Capital Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Sep22	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	-	-	-	1.08

Favo Capital 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.

Favo Capital (OTCPK:FAVO) 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.

Favo Capital Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Favo Capital's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Favo Capital (Favo Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Favo Capital Inc (OTCPK:FAVO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1025 Old Country Road, Suite 421, Westbury, NY, USA, 11590

Website

https://www.favocap.com

Favo Capital Inc is a direct funding company, which provides customized, short-term funding to small and mid-sized businesses nationwide. The company is also engaged in the real estate holdings division.