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Equity Commonwealth's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($2,153.05 Mil) to Sep. 2023 ($2,127.79 Mil) but then increased from Sep. 2023 ($2,127.79 Mil) to Dec. 2023 ($2,160.54 Mil).
Equity Commonwealth's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($2,801.00 Mil) to Dec. 2022 ($2,582.22 Mil) and declined from Dec. 2022 ($2,582.22 Mil) to Dec. 2023 ($2,160.54 Mil).
The historical data trend for Equity Commonwealth'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.
Equity Commonwealth Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 2,795.64 | 2,987.23 | 2,801.00 | 2,582.22 | 2,160.54 |
Equity Commonwealth 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 | 2,582.22 | 2,128.69 | 2,153.05 | 2,127.79 | 2,160.54 |
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.
Equity Commonwealth (NYSE:EQC) 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.
Thank you for viewing the detailed overview of Equity Commonwealth's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
Orrin S Shifrin | officer: EVP, Gen. Counsel & Secretary | CWH MANAGEMENT LLC, 2 N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606 |
Andrew Levy | officer: SVP & Chief Accounting Officer | C/O EQUITY COMMONWEALTH, TWO NORTH RIVERSIDE PLAZA, SUITE 2100, CHICAGO IL 60606 |
William H Griffiths | officer: SVP, CFO & Treasurer | C/O EQUITY COMMONWEALTH, TWO NORTH RIVERSIDE PLAZA, SUITE 2100, CHICAGO IL 60606 |
Ellen-blair Chube | director | 150 N. RIVERSIDE PLAZA, CHICAGO IL 60606 |
Gerald A Spector | director | C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606 |
Adam Scott Markman | officer: EVP, CFO & Treasurer | TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606 |
Lozier James Lloyd Jr | director | 4616 DORSET RD, DALLAS TX 75229 |
David Helfand | director, officer: President & CEO | C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVERSIDE PLAZA #800, CHICAGO IL 60606 |
Jeffrey Douglas Brown | officer: SVP & Chief Accounting Officer | 3726 AVALON TRAIL, LEBANON OH 45036 |
David S Weinberg | officer: EVP & Chief Operating Officer | CWH MANAGEMENT LLC, TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606 |
Samuel Zell | director, other: Chairman of the Board | TWO N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606 |
Peter Linneman | director | 1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179 |
James A Star | director | |
James Scott Corl | director | C/O COHEN & STEERS, INC, 280 PARK AVENUE, NEW YORK NY 10017 |
Martin L Edelman | director | C/O PAUL HASTINGS JANOFSKY & WALKER LLP, 75 EAST 55TH STREET, NEW YORK NY 10022 |
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