Washington Prime Group (Washington Prime Group) Cash, Cash Equivalents, Marketable Securities : $91.32 Mil (As of Jun. 2021)

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What is Washington Prime Group Cash, Cash Equivalents, Marketable Securities?

Washington Prime Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2020 ($92.62 Mil) to Mar. 2021 ($57.07 Mil) but then increased from Mar. 2021 ($57.07 Mil) to Jun. 2021 ($91.32 Mil).

Washington Prime Group's annual cash, cash equivalents, marketable securities declined from Dec. 2018 ($42.54 Mil) to Dec. 2019 ($41.42 Mil) but then increased from Dec. 2019 ($41.42 Mil) to Dec. 2020 ($92.62 Mil).

Washington Prime Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Washington Prime Group'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.

Washington Prime Group Cash, Cash Equivalents, Marketable Securities Chart

Washington Prime Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash, Cash Equivalents, Marketable Securities

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59.35

52.02

42.54

41.42

92.62

Washington Prime Group Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															127.02	95.33	92.62	57.07	91.32

Washington Prime Group 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.

Washington Prime Group (OTCPK:WPGHQ.PFD) 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.

Washington Prime Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Washington Prime Group (Washington Prime Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Washington Prime Group Inc (OTCPK:WPGHQ.PFD) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

180 East Broad Street, Columbus, OH, USA, 43215

Website

http://www.washingtonprime.com

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.