Maximus (Maximus) Cash And Cash Equivalents : $104 Mil (As of Dec. 2023)

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What is Maximus Cash And Cash Equivalents?

Maximus's quarterly cash and cash equivalents increased from Jun. 2023 ($35.01 Mil) to Sep. 2023 ($65.41 Mil) and increased from Sep. 2023 ($65.41 Mil) to Dec. 2023 ($104.19 Mil).

Maximus's annual cash and cash equivalents declined from Sep. 2021 ($135.06 Mil) to Sep. 2022 ($40.66 Mil) but then increased from Sep. 2022 ($40.66 Mil) to Sep. 2023 ($65.41 Mil).

Maximus Cash And Cash Equivalents Historical Data

The historical data trend for Maximus'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.

Maximus Cash And Cash Equivalents Chart

Maximus Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash And Cash Equivalents

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105.57

71.74

135.06

40.66

65.41

Maximus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															63.05	56.34	35.01	65.41	104.19

Maximus 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.

Maximus (NYSE:MMS) 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.

Maximus Cash And Cash Equivalents Related Terms

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Maximus (Maximus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Maximus Inc (NYSE:MMS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MMS:Mexico

Address

1600 Tysons Boulevard, McLean, VA, USA, 22102

Website

https://www.maximus.com

Maximus Inc is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia, and Saudi Arabia. The company offers business solutions to improve the cost-effectiveness, efficiency, and quality of government-sponsored benefit programs, such as Medicaid, Medicare, Health Insurance BC, and child support programmes. Most of its revenue is derived from long-term contractual arrangements with governments around the world. The company generates maximum revenue from the U.S. Federal Services segment.

Executives

Teresa Weipert	officer: General Mgr US Federal Segment	1891 METRO CENTER DRIVE, RESTON VA 20190
Ilene R. Baylinson	officer: Group General Manager	1891 METRO CENTER DRIVE, RESTON VA 20190
Michelle F. Link	officer: Chief Human Resources Officer	1891 METRO CENTER DRIVE, RESTON VA 20190
Gayathri Rajan	director	1891 METRO CENTER DRIVE, RESTON X1 20190
David Mutryn	officer: Chief Financial Officer	1891 METRO CENTER DRIVE, RESTON VA 20190
Theresa D Golinvaux	officer: Principal Accounting Officer	9300 LEE HIGHWAY, FAIRFAX VA 20131
John Thomas Martinez	officer: Secretary and General Counsel	1600 TYSONS BLVD, #1400, MCLEAN VA 22102
Michael J. Warren	director	C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Bruce Caswell	other: Group President - Human Svcs	11419 SUNSET HILLS ROAD, RESTON VA 20190-5207
Raymond B Ruddy	director	C/O MAXIMUS INC, 11419 SUNSET HILLS ROAD, RESTON VA 20190
David Francis	officer: General Counsel	C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190
John J Haley	director	901 N GLEBE ROAD, ARLINGTON VA 22203
Richard A Montoni	director, officer: CEO and Director	C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190
Richard John Nadeau	officer: Chief Financial Officer	1300 WILSON BLVD., SUITE 400, ARLINGTON VA 22209
Peter Pond	director