ADF Group (TSX:DRX) Cash And Cash Equivalents : C$72.4 Mil (As of Jan. 2024)

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What is ADF Group Cash And Cash Equivalents?

ADF Group's quarterly cash and cash equivalents declined from Jul. 2023 (C$52.18 Mil) to Oct. 2023 (C$43.98 Mil) but then increased from Oct. 2023 (C$43.98 Mil) to Jan. 2024 (C$72.38 Mil).

ADF Group's annual cash and cash equivalents increased from Jan. 2022 (C$7.13 Mil) to Jan. 2023 (C$7.19 Mil) and increased from Jan. 2023 (C$7.19 Mil) to Jan. 2024 (C$72.38 Mil).

ADF Group Cash And Cash Equivalents Historical Data

The historical data trend for ADF 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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ADF Group Cash And Cash Equivalents Chart

ADF Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash And Cash Equivalents

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3.98

17.81

7.13

7.19

72.38

ADF Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															7.19	46.46	52.18	43.98	72.38

ADF 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.

ADF Group (TSX:DRX) 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.

ADF Group Cash And Cash Equivalents Related Terms

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ADF Group (TSX:DRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ADF Group Inc (TSX:DRX) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

ADFJF:USA 4QM:Germany

Address

300, rue Henry-Bessemer, Terrebonne, QC, CAN, J6Y 1T3

Website

https://www.adfgroup.com

ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services are intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators. The company operates in the United States and Canada.

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