Everyday People Financial (TSXV:EPF) Cash And Cash Equivalents : C$0.69 Mil (As of Mar. 2024)

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What is Everyday People Financial Cash And Cash Equivalents?

Everyday People Financial's quarterly cash and cash equivalents declined from Sep. 2023 (C$1.53 Mil) to Dec. 2023 (C$1.47 Mil) but then stayed the same from Dec. 2023 (C$1.47 Mil) to Mar. 2024 (C$0.69 Mil).

Everyday People Financial's annual cash and cash equivalents declined from Jul. 2021 (C$0.22 Mil) to Jul. 2022 (C$0.18 Mil) but then increased from Jul. 2022 (C$0.18 Mil) to Dec. 2023 (C$1.47 Mil).

Everyday People Financial Cash And Cash Equivalents Historical Data

The historical data trend for Everyday People 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.

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Everyday People Financial Cash And Cash Equivalents Chart

Everyday People Financial Annual Data

Trend

Jul20

Jul21

Jul22

Dec23

Cash And Cash Equivalents

0.15

0.22

0.18

1.47

Everyday People Financial Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial								1.31	1.71	1.53	1.47	0.69

Everyday People 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.

Everyday People Financial (TSXV:EPF) 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.

Everyday People Financial Cash And Cash Equivalents Related Terms

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Everyday People Financial (TSXV:EPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Everyday People Financial Corp (TSXV:EPF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

EPFCF:USA

Address

11150 Jasper Avenue, Suite 450, Edmonton, AB, CAN, T5K 0C7

Website

https://www.everydaypeoplefinancial.com

Everyday People Financial Corp is a financial technology and consumer financing company. Through its technology-driven ecosystem, the group's alternative and specialty credit financing programs offer credit and payment cards, homeownership facilitation, consumer lending, and payment management services. The company's mission is to assist its clients in becoming their financial selves and to offer credit products and services that help ordinary people achieve extraordinary results.

Executives

Amy Marie Ter Haar

Director

Everyday People Financial (TSXV:EPF) Headlines

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