What is W.P. Carey Cash, Cash Equivalents, Marketable Securities?
W.P. Carey's quarterly cash, cash equivalents, marketable securities
declined
from Jun. 2023 ($204.10 Mil) to Sep. 2023 ($136.44 Mil) but then
increased
from Sep. 2023 ($136.44 Mil) to Dec. 2023 ($633.86 Mil).
W.P. Carey's annual cash, cash equivalents, marketable securities
increased
from Dec. 2021 ($165.43 Mil) to Dec. 2022 ($168.00 Mil) and
increased
from Dec. 2022 ($168.00 Mil) to Dec. 2023 ($633.86 Mil).
W.P. Carey Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for W.P. Carey'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.
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.
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.
W.P. Carey Cash, Cash Equivalents, Marketable Securities Related Terms
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W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is primarily comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. most of the company's revenue comes from properties in the USA. The company's Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.
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