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Sanderson Farms's quarterly cash and cash equivalents increased from Oct. 2021 ($439.34 Mil) to Jan. 2022 ($685.82 Mil) and increased from Jan. 2022 ($685.82 Mil) to Apr. 2022 ($829.12 Mil).
Sanderson Farms's annual cash and cash equivalents declined from Oct. 2019 ($95.42 Mil) to Oct. 2020 ($49.06 Mil) but then increased from Oct. 2020 ($49.06 Mil) to Oct. 2021 ($439.34 Mil).
The historical data trend for Sanderson Farms'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.
Sanderson Farms Annual Data | |||||||||||||||||||||
Trend | Oct12 | Oct13 | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 419.29 | 121.19 | 95.42 | 49.06 | 439.34 |
Sanderson Farms Quarterly Data | ||||||||||||||||||||
Jul17 | Oct17 | Jan18 | Apr18 | Jul18 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 122.91 | 245.43 | 439.34 | 685.82 | 829.12 |
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.
Sanderson Farms (NAS:SAFM) 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.
Thank you for viewing the detailed overview of Sanderson Farms's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Toni D Cooley | director | 253 OLD JACKSON ROAD, MADISON MS 39110 |
Phil K Livingston | director | C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998 |
John Bierbusse | director | 3500 NORTH LAKE SHORE DRIVE #14A CHICAGO IL 60657 |
Lampkin Butts | director, officer: Vice President, Sales | C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998 |
Robert C Khayat | director | PO BOX 1848 UNIVERSITY MS 38677 |
Sonia Perez | director | 127 FLYNT ROAD, LAUREL MS 39443 |
Jones Gail Pittman | director | C/O SANDERSON FARMS INC PO BOX 988 225 N 13TH AVE LAUREL MS 39441-0988 |
Green Edith Kelly | director | 3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118 |
John David Barksdale | director | 127 FLYNT ROAD, LAUREL MS 39443 |
Banks Fred L Jr | director | 111 EAST CAPITOL STREET SUITE 600 JACKSON MS 39201-2122 |
Dianne Mooney | director | 7449 ASHLAND LANE BIRMINGHAM AL 35242 |
Suzanne T Mestayer | director | 1100 POYDRAS STREET NEW ORLEANS LA 70163 |
D Michael Cockrell | director, officer: Treasurer & CFO | C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998 |
Beverly W Hogan | director | |
Baker John H Iii | director | C/O SANDERSON FARMS INC 225 N 13TH AVE LAUREL MS 39441 |
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