Elevate Credit (Elevate Credit) Cash, Cash Equivalents, Marketable Securities : $72.6 Mil (As of Sep. 2022)

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What is Elevate Credit Cash, Cash Equivalents, Marketable Securities?

Elevate Credit's quarterly cash, cash equivalents, marketable securities declined from Mar. 2022 ($105.82 Mil) to Jun. 2022 ($73.96 Mil) but then stayed the same from Jun. 2022 ($73.96 Mil) to Sep. 2022 ($72.60 Mil).

Elevate Credit's annual cash, cash equivalents, marketable securities increased from Dec. 2019 ($71.22 Mil) to Dec. 2020 ($197.98 Mil) but then declined from Dec. 2020 ($197.98 Mil) to Dec. 2021 ($84.98 Mil).

Elevate Credit Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Elevate Credit'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.

Elevate Credit Cash, Cash Equivalents, Marketable Securities Chart

Elevate Credit Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash, Cash Equivalents, Marketable Securities

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41.14

58.31

71.22

197.98

84.98

Elevate Credit Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															79.98	84.98	105.82	73.96	72.60

Elevate Credit 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.

Elevate Credit (NYSE:ELVT) 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.

Elevate Credit Cash, Cash Equivalents, Marketable Securities Related Terms

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Elevate Credit (Elevate Credit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Elevate Credit Inc (NYSE:ELVT) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

NICK JT BWMY AHG NISN YRD FIGI LMFA PT XYF V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

4150 International Plaza, Suite 300, Fort Worth, TX, USA, 76109

Website

https://www.elevate.com

Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States.

Executives

Bradley R. Strock	director	C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109
Christopher Lutes	officer: Chief Financial Officer	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Steven Austin Trussell	officer: Chief Financial Officer	4150 INTERNATIONAL PKWY, STE 300, FT. WORTH TX 76109
David Curry Peterson	officer: Chief Credit Officer	C/O ELEVATE CREDIT, 4150 INTERNATIONAL PLAZA, STE 300, FORT WORTH TX 76109
Scott Greever	director, officer: Managing Director, UK	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Jason Harvison	director, officer: Chief Operating Officer	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Jesse K Bray	director	8950 CYPRESS WATERS BOULEVARD, COPPELL TX 75019
Rodriquez Manuel Sanchez	director	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Michael T. Pugh	director	CARVER BANCORP, INC., 75 WEST 125TH STREET, NEW YORK NY 10027
Head Tyler W. K.	director	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Linda Stinson	10 percent owner	C/O ELEVATE CREDIT INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORTH WORTH TX 76109
Tcv Management 2004 Llc	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301
Tcv Member Fund, L.p.	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301
Technology Crossover Management V Llc	10 percent owner, other: May be part of a 13(g) group	C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Tcv V Lp	10 percent owner, other: May be part of a 13(g) group	528 RAMONA STREET, PALO ALTO CA 94301