Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Strict Standards: Only variables should be passed by reference in /home/gurufocu/public_html/forum/include/users.php on line 528

Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/gurufocu/public_html/forum/mods/captcha/captcha.php on line 617
H&R Block Inc (HRB) Cash, Cash Equivalents, Marketable Securities
Switch to:
GuruFocus has detected 3 Warning Signs with H&R Block Inc $HRB.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
H&R Block Inc (NYSE:HRB)
Cash, Cash Equivalents, Marketable Securities
$1,011 Mil (As of Apr. 2017)

H&R Block Inc's quarterly cash, cash equivalents, marketable securities declined from Oct. 2016 ($232.51 Mil) to Jan. 2017 ($221.17 Mil) but then increased from Jan. 2017 ($221.17 Mil) to Apr. 2017 ($1,011.33 Mil).

H&R Block Inc's annual cash, cash equivalents, marketable securities declined from Apr. 2015 ($2,446.82 Mil) to Apr. 2016 ($896.80 Mil) but then increased from Apr. 2016 ($896.80 Mil) to Apr. 2017 ($1,011.33 Mil).


Definition

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.


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.


Related Terms

Cash and Cash Equivalents, Marketable Securities


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

H&R Block Inc Annual Data

Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16Apr17
Cash, Cash Equivalents,
Marketable Securities
6651,6551,8041,6781,9441,7482,6092,4478971,011

H&R Block Inc Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
Cash, Cash Equivalents,
Marketable Securities
1,6892,4471,7063631918973082332211,011
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK