Conn's (Conn's) Cash And Cash Equivalents

: $6 Mil (As of Oct. 2023)

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Conn's's quarterly cash and cash equivalents declined from Apr. 2023 ($14.12 Mil) to Jul. 2023 ($8.56 Mil) but then stayed the same from Jul. 2023 ($8.56 Mil) to Oct. 2023 ($5.56 Mil).

Conn's's annual cash and cash equivalents declined from Jan. 2021 ($9.70 Mil) to Jan. 2022 ($7.71 Mil) but then increased from Jan. 2022 ($7.71 Mil) to Jan. 2023 ($19.53 Mil).

Conn's Cash And Cash Equivalents Historical Data

The historical data trend for Conn's'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.

Conn's Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash And Cash Equivalents

5.91

5.49

9.70

7.71

19.53

Conn's Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash And Cash Equivalents																8.43	19.53	14.12	8.56	5.56

Conn's 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.

Conn's (NAS:CONN) 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.

Conn's Cash And Cash Equivalents Related Terms

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Conn's (Conn's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Conn's Inc (NAS:CONN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CN4:Germany

Address

2445 Technology Forest Boulevard, Suite 800, The Woodlands, TX, USA, 77381

Website

https://www.conns.com

Conn's Inc is a United-States-based specialty retailer engaged in the sale of durable consumer goods and related services. The company operates through two segments. The retail segment sells a broad range of merchandise, including furniture and mattress products, home appliances, consumer electronics, and home office products. The credit segment provides credit solutions for credit-constrained consumers based on customer risk and income level. A material portion of the company's customers finances purchases through its credit segment. The company focuses its business on the U.S. and generates its revenue from the retail segment.

Executives

Stephens Group, Llc	10 percent owner	100 RIVER BLUFF DRIVE, SUITE 500, LITTLE ROCK AR 72202
Ann B Gugino	director	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Timothy P Santo	officer: Chief Accounting Officer	2445 TECHNOLOGY FOREST BLVD., STE. 800, THE WOODLANDS TX 77381
Karen Hartje	director	251 1ST AVENUE N, SUITE 200, MINNEAPOLIS MN 55401-1672
Douglas H Martin	director, 10 percent owner	C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Paula W. & John P. Calhoun Family Trust - Wmas	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Warren Miles Amerine Stephens Family Trust One	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Brian Daly	officer: Chief Human Resources Officer	4055 TECHNOLOGY FOREST BLVD., STE. 210, THE WOODLANDS TX 77381
Warren A Stephens	10 percent owner	111 CENTER STREET, LITTLE ROCK AR 72201
Harriet C Stephens	10 percent owner	C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Was Family Trust Five	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Stephens Warren A Trust Uid 9/30/87	10 percent owner	C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Thomas John Fenton	officer: Chief Credit Officer	2445 TECHNOLOGY FOREST BLVD., SUITE 800, THE WOODLANDS TX 77381
Warren Miles Stephens	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
John Calhoun Stephens	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201