Afya (AFYA) Cash, Cash Equivalents, Marketable Securities : $112.9 Mil (As of Dec. 2023)

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What is Afya Cash, Cash Equivalents, Marketable Securities?

Afya's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($152.71 Mil) to Sep. 2023 ($166.44 Mil) but then stayed the same from Sep. 2023 ($166.44 Mil) to Dec. 2023 ($112.87 Mil).

Afya's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($132.37 Mil) to Dec. 2022 ($208.39 Mil) but then declined from Dec. 2022 ($208.39 Mil) to Dec. 2023 ($112.87 Mil).

Afya Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Afya'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.

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Afya Cash, Cash Equivalents, Marketable Securities Chart

Afya Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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229.80

203.13

132.37

208.39

112.87

Afya Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															208.39	138.75	152.71	166.44	112.87

Afya 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.

Afya (NAS:AFYA) 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.

Afya Cash, Cash Equivalents, Marketable Securities Related Terms

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Afya (AFYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Afya Ltd (NAS:AFYA) » Definitions » Cash, Cash Equivalents, Marketable Securities

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1AY:Germany 1AY:Germany A2FY34:Brazil

Address

Alameda Oscar Niemeyer, No. 119, Room 504, Vila da Serra, Nova Lima, MG, BRA

Website

https://www.afya.com.br

Afya Ltd is a medical education group based in Brazil. Its education portfolio has several courses in addition to Medicine, such as Management, Dentistry, Law, Engineering, Nursing, Psychology, and Accounting Sciences, among others. It has three segments; Undergrad provides educational services through undergraduate courses related to medicine, other health sciences, and other undergraduate programs, Continuing Education provides specialization programs and graduate courses in medicine; and Digital Services provides content and technology for medical education, clinical decisions software, practice management tools (that encompass electronic medical records, telemedicine, and digital prescription, and provides access, demand and efficiency for the healthcare players.