Wolverine World Wide (Wolverine World Wide) Cash And Cash Equivalents : $179 Mil (As of Dec. 2023)

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What is Wolverine World Wide Cash And Cash Equivalents?

Wolverine World Wide's quarterly cash and cash equivalents declined from Jun. 2023 ($176.50 Mil) to Sep. 2023 ($160.40 Mil) but then increased from Sep. 2023 ($160.40 Mil) to Dec. 2023 ($179.00 Mil).

Wolverine World Wide's annual cash and cash equivalents declined from Dec. 2021 ($161.70 Mil) to Dec. 2022 ($131.50 Mil) but then increased from Dec. 2022 ($131.50 Mil) to Dec. 2023 ($179.00 Mil).

Wolverine World Wide Cash And Cash Equivalents Historical Data

The historical data trend for Wolverine World Wide'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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Wolverine World Wide Cash And Cash Equivalents Chart

Wolverine World Wide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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180.60

347.40

161.70

131.50

179.00

Wolverine World Wide Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															131.50	116.20	176.50	160.40	179.00

Wolverine World Wide 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.

Wolverine World Wide (NYSE:WWW) 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.

Wolverine World Wide Cash And Cash Equivalents Related Terms

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Wolverine World Wide (Wolverine World Wide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wolverine World Wide Inc (NYSE:WWW) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

WW4:Germany

Address

9341 Courtland Drive N.E., Rockford, MI, USA, 49351

Website

https://www.wolverineworldwide.com

Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.

Executives

Amy M. Klimek	officer: EVP, Global Human Resources	9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Jeffrey M Boromisa	director
Michael D Stornant	officer: EVP, CFO and Treasurer	C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Brenda J Lauderback	director	IRWIN FINANCIAL CORPORATION, 500 WASHINGTON STREET, COLUMBUS IN 47201
Jodi Bricker	director	C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Demonty Price	director	C/O RESTORATION HARDWARE HOLDINGS, INC., 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
Andersen Stacia J.p.	director	6301 FITCH PATH, NEW ALBANY OH 43054
Kathleen Wilson-thompson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Christopher Hufnagel	officer: President, Active Group	9341 COURTLAND DRIVE, ROCKFORD MI 49351
Nicholas T. Long	director	C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Reginald Rasch	officer: Sr. VP, Gen'l Counsel & Sec'y	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Brendan Hoffman	director, officer: President	100 PIER 1 PLACE, FORT WORTH TX 76102
Isabel Soriano	officer: President, International	C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
David T Kollat	director	9341 COURTLAND DR, ROCKFORD MI 49351
William K Gerber	director	999 WEST BIG BEAVER ROAD, TROY MI 48084