58.com (58.com) Cash, Cash Equivalents, Marketable Securities : $1,711 Mil (As of Mar. 2020)

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What is 58.com Cash, Cash Equivalents, Marketable Securities?

58.com's quarterly cash, cash equivalents, marketable securities increased from Sep. 2019 ($1,324.54 Mil) to Dec. 2019 ($1,964.38 Mil) but then stayed the same from Dec. 2019 ($1,964.38 Mil) to Mar. 2020 ($1,710.51 Mil).

58.com's annual cash, cash equivalents, marketable securities increased from Dec. 2017 ($752.70 Mil) to Dec. 2018 ($1,013.28 Mil) and increased from Dec. 2018 ($1,013.28 Mil) to Dec. 2019 ($1,964.38 Mil).

58.com Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for 58.com'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.

58.com Cash, Cash Equivalents, Marketable Securities Chart

58.com Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash, Cash Equivalents, Marketable Securities

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528.14

297.74

752.70

1,013.28

1,964.38

58.com Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1,020.26	1,184.71	1,324.54	1,964.38	1,710.51

58.com 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.

58.com (NYSE:WUBA) 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.

58.com Cash, Cash Equivalents, Marketable Securities Related Terms

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58.com (58.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 58.com Inc (NYSE:WUBA) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

10 Jiuxianqiao North Road Jia, Building 105, Chaoyang District, Beijing, CHN, 100015

Website

https://www.58.com

58.com Inc through its subsidiaries is engaged in the operation of an online marketplace. The company serves the local merchants and consumers in the People's Republic of China. Its online marketplace enables local merchants and consumers to connect, share information and conduct business. Its online marketing activities consist of paid marketing through internet navigation sites and various popular search engines in China and display advertisements. The company's offline marketing activities include traditional mainstream media such as television, billboard, direct mailing advertisements, public relations activities, as well as sponsored events to increase its visibility and promote its brand.