Jefferies Financial Group (Jefferies Financial Group) Cash And Cash Equivalents : $7,616 Mil (As of Feb. 2024)

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What is Jefferies Financial Group Cash And Cash Equivalents?

Jefferies Financial Group's quarterly cash and cash equivalents declined from Aug. 2023 ($8,817.36 Mil) to Nov. 2023 ($8,526.36 Mil) but then stayed the same from Nov. 2023 ($8,526.36 Mil) to Feb. 2024 ($7,615.69 Mil).

Jefferies Financial Group's annual cash and cash equivalents declined from Nov. 2021 ($10,755.13 Mil) to Nov. 2022 ($9,703.11 Mil) and declined from Nov. 2022 ($9,703.11 Mil) to Nov. 2023 ($8,526.36 Mil).

Jefferies Financial Group Cash And Cash Equivalents Historical Data

The historical data trend for Jefferies Financial Group'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.

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Jefferies Financial Group Cash And Cash Equivalents Chart

Jefferies Financial Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Nov19

Nov20

Nov21

Nov22

Nov23

Cash And Cash Equivalents

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7,678.82

9,055.15

10,755.13

9,703.11

8,526.36

Jefferies Financial Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															7,508.51	8,004.88	8,817.36	8,526.36	7,615.69

Jefferies Financial Group 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.

Jefferies Financial Group (NYSE:JEF) 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.

Jefferies Financial Group Cash And Cash Equivalents Related Terms

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Jefferies Financial Group (Jefferies Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jefferies Financial Group Inc (NYSE:JEF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

LN3:Germany

Address

520 Madison Avenue, New York, NY, USA, 10022

Website

https://www.jefferies.com

Jefferies Financial Group Inc is a diversified financial services company. Its business consists of investment banking and capital markets (Jefferies Group), commercial mortgage banking (Berkadia), asset management (Leucadia Asset Management), and online platform for foreign exchange trading (FXCM), a real estate company (Homefed), and vehicle finance (Foursight Capital and Chrome Capital). The company is also involved in other businesses, such as oil and gas exploration, through JETX and Vitesse Energy; automobile dealerships, through Gargadia; fixed wireless broadband services, through Linkem; and gold and silver mining through Golden Queen, among others.

Executives

Joseph S Steinberg	director, 10 percent owner, officer: President	C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Mark Lawrence Cagno	officer: VP and Co-Controller	C/O JEFFERIES FINANCIAL GROUP INC., 520 MADISON AVENUE, NEW YORK NY 10022
Matthew Scott Larson	officer: EVP, Co-CFO	C/O JEFFERIES FINANCIAL GROUP INC., 520 MADISON AVENUE, NEW YORK NY 10022
Brian P Friedman	director, officer: President
Rocco J Nittoli	officer: Treasurer	315 PARK AVENUE SOUTH, NEW YORK NY 10010
Thomas W Jones	director	ALTRIA GROUP INC, 6601 WEST BROAD STREET, RICHMOND VA 23230
O Kane Michael T	director	80 HICKORY HILL BLVD, TOTOWA NJ 07512
Melissa Weiler	director	399 PARK AVE 38TH FL, NEW YORK DC 10022
Matrice Ellis-kirk	director	C/O JEFFERIES FINANCIAL GROUP INC, 520 MADISON AVENUE, NEW YORK NY 10022
Stuart Harry Reese	director
Barry J Alperin	director	C/O HENRY SCHEIN INC, 135 DURYEA RD, MELVILLE NY 11747
Jacob M Katz	director	C/O HERC HOLDINGS INC., 27500 RIVERVIEW CENTER BLVD., BONITA SPRINGS FL 34134
Maryanne Gilmartin	director	C/O JEFFERIES FINANCIAL GROUP INC., 520 MADISON AVE., NEW YORK NY 10022
John Merritt Dalton	officer: Controller	520 MADISON AVE., NEW YORK NY 10022
Teresa S Gendron	officer: Chief Financial Officer	520 MADISON AVE., C/O JEFFERIES FINANCIAL GROUP INC., NEW YORK NY 10022