Ranpak Holdings (Ranpak Holdings) Cash, Cash Equivalents, Marketable Securities : $62.0 Mil (As of Dec. 2023)

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What is Ranpak Holdings Cash, Cash Equivalents, Marketable Securities?

Ranpak Holdings's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($53.90 Mil) to Sep. 2023 ($52.10 Mil) but then increased from Sep. 2023 ($52.10 Mil) to Dec. 2023 ($62.00 Mil).

Ranpak Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($103.90 Mil) to Dec. 2022 ($62.80 Mil) and declined from Dec. 2022 ($62.80 Mil) to Dec. 2023 ($62.00 Mil).

Ranpak Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Ranpak Holdings'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.

Ranpak Holdings Cash, Cash Equivalents, Marketable Securities Chart

Ranpak Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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19.70

48.50

103.90

62.80

62.00

Ranpak Holdings 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															62.80	58.60	53.90	52.10	62.00

Ranpak Holdings 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.

Ranpak Holdings (NYSE:PACK) 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.

Ranpak Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Ranpak Holdings (Ranpak Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ranpak Holdings Corp (NYSE:PACK) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

0ZA:Germany

Address

7990 Auburn Road, Concord Township, OH, USA, 44077

Website

https://www.ranpak.com

Ranpak Holdings Corp is a provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. Geographically, it derives a majority of revenue from Europe/Asia.

Executives

Mark A. Siebert	officer: MD, North America	7990 AUBURN ROAD, CONCORD TOWNSHIP OH 44077
Alicia M. Tranen	director	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Eric Laurensse	officer: Managing Director, Europe	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Antonio Grassotti	officer: Managing Director, APAC	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Kurt Zumwalt	director	201 ELLIOTT AVENUE WEST, SEATTLE WA 98119
Salil Seshadri	director	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Omar Asali	director, officer: Chairman and CEO	GOLDMAN SACHS HEDGE FUND STRATEGIES LLC, 32 OLD SLIP, 9TH FLOOR, NEW YORK NY 10005
William Drew	officer: Secretary	3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Michael Anthony Jones	director	1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Pamela K. El	director	C/O RANPAK HOLDINGS CORP., 7990 AUBURN ROAD, CONCORD TOWNSHIP OH 44077
Thomas F. Corley	director	C/O KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Steve A. Kovach	director	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016
Js Capital Management Llc	10 percent owner	888 SEVENTH AVENUE, 40TH FLOOR, NEW YORK NY 10106
Soros Jonathan T Allan	10 percent owner	C/O JS CAPITAL MANAGEMENT LLC, 888 SEVENTH AVENUE, FLOOR 40, NEW YORK NY 10106
Trent Meyerhoefer	officer: Chief Financial Officer	ONE MADISON CORP., 3 EAST 28TH STREET, 8TH FLOOR, NEW YORK NY 10016