Citi Trends (Citi Trends) Cash, Cash Equivalents, Marketable Securities : $79.7 Mil (As of Jan. 2024)

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What is Citi Trends Cash, Cash Equivalents, Marketable Securities?

Citi Trends's quarterly cash, cash equivalents, marketable securities declined from Jul. 2023 ($65.82 Mil) to Oct. 2023 ($59.73 Mil) but then increased from Oct. 2023 ($59.73 Mil) to Jan. 2024 ($79.71 Mil).

Citi Trends's annual cash, cash equivalents, marketable securities increased from Jan. 2022 ($49.79 Mil) to Jan. 2023 ($103.50 Mil) but then declined from Jan. 2023 ($103.50 Mil) to Jan. 2024 ($79.71 Mil).

Citi Trends Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Citi Trends's Cash, Cash Equivalents, Marketable Securities 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.

Citi Trends Cash, Cash Equivalents, Marketable Securities Chart

Citi Trends Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash, Cash Equivalents, Marketable Securities

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47.49

123.18

49.79

103.50

79.71

Citi Trends Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															103.50	88.71	65.82	59.73	79.71

Citi Trends Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Citi Trends (NAS:CTRN) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Citi Trends Cash, Cash Equivalents, Marketable Securities Related Terms

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Citi Trends (Citi Trends) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Citi Trends Inc (NAS:CTRN) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

WW2:Germany

Address

104 Coleman Boulevard, Savannah, GA, USA, 31408

Website

https://www.cititrends.com

Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.

Executives

Fund 1 Investments, Llc	10 percent owner	100 CARR 115, UNIT 1900, RINCON PR 00677
Jonathan Duskin	director	MACELLUM CAPITAL MANAGEMENT, LLC, 99 HUDSON STREET, 5TH FLOOR, NEW YORK NY 10013
Pleasant Lake Partners Llc	10 percent owner	100 CARR 115 UNIT 1900, RINCON PR 00677
Pleasant Lake Onshore Feeder Fund Lp	10 percent owner	100 CARR 115 UNIT 1900, RINCON PR 00677
Vivek Bhargava	officer: SVP, Supply Chain Operations	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Ivy D Council	officer: SR VP of HR, Chief Compl Offcr	C/O CITI TRENDS, INC., 102 FAHM STREET, SAVANNAH GA 31401
David N. Makuen	director, officer: Chief Executive Officer	C/O FIVE BELOW, INC., 1818 MARKET STREET, SUITE 2000, PHILADELPHIA PA 19103
Heather L Plutino	officer: EVP and CFO	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Brian Carney	director	5555 DARROW RD, HUDSON OH 44236
Laurens Goff	director	C/O CITI TRENDS, INC., 104 COLEMAN BLVD., SAVANNAH GA 31408
Jessica Berkowitz	officer: SVP, Planning and Allocation	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Kenneth Duane Seipel	director	26972 BURBANK, FOOTHILL RANCH CA 92610
Christina M Francis	director	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Lisa A. Powell	officer: Chief Merchandising Officer	C/O CITI TRENDS, INC., 104 COLEMAN BLVD., SAVANNAH GA 31408
Charles J. Hynes	officer: Senior VP - Supply Chain	CITI TRENDS, INC., 104 COLEMAN BLVD., SAVANNAH GA 31408