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ENDI (ENDI) Cash And Cash Equivalents

: $8.98 Mil (As of Dec. 2023)
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ENDI's quarterly cash and cash equivalents declined from Jun. 2023 ($9.34 Mil) to Sep. 2023 ($9.06 Mil) but then stayed the same from Sep. 2023 ($9.06 Mil) to Dec. 2023 ($8.98 Mil).

ENDI's annual cash and cash equivalents increased from Dec. 2021 ($1.27 Mil) to Dec. 2022 ($10.69 Mil) but then declined from Dec. 2022 ($10.69 Mil) to Dec. 2023 ($8.98 Mil).

ENDI Cash And Cash Equivalents Historical Data

The historical data trend for ENDI'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.

ENDI Annual Data
Trend Dec21 Dec22 Dec23
Cash And Cash Equivalents
1.27 10.69 8.98

ENDI Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash And Cash Equivalents Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.69 9.80 9.34 9.06 8.98

ENDI 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.

ENDI  (OTCPK:ENDI) 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.

ENDI Cash And Cash Equivalents Related Terms

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ENDI (ENDI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ENDI Corp (OTCPK:ENDI) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
2400 Old Brick Road, Suite 115, Glen Allen, VA, USA, 23060
Website
https://www.endicorp.com
ENDI Corp is primarily focused on financial products and services and owns the following companies: CrossingBridge Advisors--an asset management firm managing mutual funds and an ETF, focused on investment grade, high yield, opportunistic corporate credit; Willow Oak Asset Management--provides outsourced operational, business development and marketing support to boutique asset management firms; eBuild Ventures--seeks to invest in growing, but undermanaged consumer-focused companies and data aggregation services; and Sitestar.net--offers consumer and business-grade internet access and web hosting services in the US and Canada.
Executives
Thomas A Mcdonnell director C/O KANSAS CITY SOUTHERN, 427 W 12TH STREET, KANSAS CITY MO 64105
Mahendra R Gupta director WASHINGTON UNIVERSITY CAMPUS BOX 1133, ONE BROOKINGS DRIVE, ST. LOUIS MO 63130-4899
Alea Ann Kleinhammer officer: Chief Financial Officer 1706 CARTER STREET, RICHMOND VA 23220
David K. Sherman director, 10 percent owner, officer: Chief Executive Officer 1806 SUMMIT AVE, STE 300, RICHMOND VA 23230
Jessica L. Greer officer: Secretary 1806 SUMMIT AVE, STE 300, RICHMOND VA 23230
Steven L Kiel director, 10 percent owner 15 EAST 67TH STREET, 6TH FLOOR, NEW YORK NY 10065
Robert A Davidow 10 percent owner 2020 S. CENTRAL AVENUE, COMPTON CA 90220
Cohanzick Management, Llc 10 percent owner 427 BEDFORD ROAD, SUITE 230, PLEASANTVILLE NY 10570
Abigail Posner director C/O ENDI CORP. 2400 OLD BRICK ROAD, STE 115, GLEN ALLEN VA 23060
David K. Sherman 1997 Family Trust 10 percent owner 1806 SUMMIT AVE, STE 300, RICHMOND VA 23230