AutoCanada (AutoCanada) Cash And Cash Equivalents

: $77 Mil (As of Dec. 2023)

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AutoCanada's quarterly cash and cash equivalents increased from Jun. 2023 ($51.48 Mil) to Sep. 2023 ($73.05 Mil) and increased from Sep. 2023 ($73.05 Mil) to Dec. 2023 ($76.88 Mil).

AutoCanada's annual cash and cash equivalents declined from Dec. 2021 ($80.06 Mil) to Dec. 2022 ($79.72 Mil) and declined from Dec. 2022 ($79.72 Mil) to Dec. 2023 ($76.88 Mil).

AutoCanada Cash And Cash Equivalents Historical Data

The historical data trend for AutoCanada's Cash And Cash Equivalents 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.

AutoCanada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

42.19

84.09

80.06

79.72

76.88

AutoCanada Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																79.72	83.76	51.48	73.05	76.88

AutoCanada Cash And Cash Equivalents 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.

AutoCanada (OTCPK:AOCIF) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

AutoCanada Cash And Cash Equivalents Related Terms

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AutoCanada (AutoCanada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoCanada Inc (OTCPK:AOCIF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ACQ:Canada

Address

15511 123 Avenue NW, Suite 200, Edmonton, AB, CAN, T5V 0C3

Website

https://www.autocan.ca

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.

AutoCanada (AutoCanada) Headlines

From GuruFocus

AutoCanada Announces Executive Appointments

By PRNewswire PRNewswire • 08-22-2018

AutoCanada Announces Management and Board Changes

By PRNewswire PRNewswire • 08-15-2018

AutoCanada Acknowledges Receipt of Letter from Clearwater

By PRNewswire PRNewswire • 06-12-2018

AutoCanada, Patrick Priestner and CanadaOne Auto Group Settle Outstanding Litigation

By PRNewswire • 09-08-2023

AutoCanada Acquires Illinois Based Grossinger Auto Group

By PRNewswire PRNewswire • 03-22-2018

AutoCanada Appoints Michael Rawluk as President

By PRNewswire PRNewswire • 07-03-2018

AutoCanada Provides Operational Update in Response to COVID-19

By PRNewswire PRNewswire • 03-25-2020

AutoCanada commences litigation against Patrick Priestner and Canada One Auto Group

By PRNewswire PRNewswire • 02-06-2019