iFresh (iFresh) Cash And Cash Equivalents : $4.86 Mil (As of Dec. 2020)

View and export this data going back to 2015. Start your Free Trial

What is iFresh Cash And Cash Equivalents?

iFresh's quarterly cash and cash equivalents increased from Jun. 2020 ($4.43 Mil) to Sep. 2020 ($7.76 Mil) but then stayed the same from Sep. 2020 ($7.76 Mil) to Dec. 2020 ($4.86 Mil).

iFresh's annual cash and cash equivalents increased from Mar. 2018 ($0.64 Mil) to Mar. 2019 ($1.05 Mil) but then declined from Mar. 2019 ($1.05 Mil) to Mar. 2020 ($0.75 Mil).

iFresh Cash And Cash Equivalents Historical Data

The historical data trend for iFresh'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.

iFresh Cash And Cash Equivalents Chart

iFresh Annual Data

Trend

Dec14

Dec15

Mar17

Mar18

Mar19

Mar20

Cash And Cash Equivalents

Get a 7-Day Free Trial

0.44

2.55

0.64

1.05

0.75

iFresh Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.65	0.75	4.43	7.76	4.86

iFresh 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.

iFresh (OTCPK:IFMK) 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.

iFresh Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of iFresh's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

iFresh (iFresh) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » iFresh Inc (OTCPK:IFMK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-39 54th Avenue, Long Island City, NY, USA

Website

http://www.ifreshmarket.com

iFresh Inc is an Asian/Chinese grocery supermarket chain in the North-Eastern U.S. providing food and other merchandise hard to find in mainstream grocery stores. The company has two reportable and operating segments: Retail segment and Wholesale segment. It offers seafood, vegetables, meat, fruit, frozen goods, groceries, and bakery products through its retail stores. The company generates a majority of its revenue from its retail segment.

Executives

Fei Zhang	10 percent owner	NO. 136-30 YUE JIN VILLAGE DA DU KOU DISTRICT CHONG QING CITY F4 400080
Ping Zhou	director, 10 percent owner	51 RENMIN SOUTH ROAD BUILDING 3, UNIT 3, ROOM 501 WUHOU DISTRICT CHENGDU SICHUAN F4 610041
Jay Walder	director	2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Long Yi	officer: Chief Financial Officer	NO. 1688, YUNLI ROAD, TONLGI, WUJIANG, JIANGSU PROVINCE F4 0000000000
Long Deng	director, 10 percent owner, officer: CEO, COO & Chairman of Board	2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Lilly Deng	director, 10 percent owner, officer: VP of Legal and Finance	2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Hk Xu Ding Co., Ltd	10 percent owner	UNIT 5, 27/F., RICHMOND COMM. BLDG. 109 ARGYLE STREET, MONGKOK, KOWLOON HONG KONG K3 0000000
Junfeng Liu	10 percent owner	UNIT 5, 27/F., RICHMOND COMM. BLDG. 109 ARGYLE STREET MONGKOK, KOWLOON K3 00000
Harvey Leibowitz	director
Mark Fang	director	2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Xin He	officer: Chief Financial Officer	32000 AURORA ROAD, SUITE B, SOLON OH 44139
Jianming You	director	2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Amy He	officer: Chief Financial Officer	8TH FLOOR BLOCK 8 AOLINJIATAI BLDG, 1 KEHUIQIAN ST, CHAOYANG DISTRICT, BEIJING F4 00000
Xiangke Fang	director	2-39 54TH AVENUE LONG ISLAND CITY NY 11101
Henry Chang-yu Lee	director	300 BOSTON POST ROAD WEST HAVEN CT 06516