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Montrose Environmental Group Cash And Cash Equivalents

: $34.4 Mil (As of Dec. 2020)
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Montrose Environmental Group's quarterly cash and cash equivalents declined from Jun. 2020 ($44.81 Mil) to Sep. 2020 ($38.38 Mil) but then stayed the same from Sep. 2020 ($38.38 Mil) to Dec. 2020 ($34.39 Mil).

Montrose Environmental Group's annual cash and cash equivalents increased from Dec. 2018 ($2.49 Mil) to Dec. 2019 ($6.41 Mil) and increased from Dec. 2019 ($6.41 Mil) to Dec. 2020 ($34.39 Mil).


Montrose Environmental Group Cash And Cash Equivalents Historical Data

* 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.

Montrose Environmental Group Annual Data
Dec18 Dec19 Dec20
Cash And Cash Equivalents 2.49 6.41 34.39

Montrose Environmental Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Cash And Cash Equivalents Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.41 1.52 44.81 38.38 34.39

Montrose Environmental 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.


Montrose Environmental Group  (NYSE:MEG) 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.


Montrose Environmental Group Cash And Cash Equivalents Related Terms


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