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Richelieu Hardware (TSX:RCH) Cash And Cash Equivalents : C$26 Mil (As of Feb. 2024)


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What is Richelieu Hardware Cash And Cash Equivalents?

Richelieu Hardware's quarterly cash and cash equivalents increased from Aug. 2023 (C$25.38 Mil) to Nov. 2023 (C$46.33 Mil) but then stayed the same from Nov. 2023 (C$46.33 Mil) to Feb. 2024 (C$25.86 Mil).

Richelieu Hardware's annual cash and cash equivalents declined from Nov. 2021 (C$58.71 Mil) to Nov. 2022 (C$21.22 Mil) but then increased from Nov. 2022 (C$21.22 Mil) to Nov. 2023 (C$46.33 Mil).


Richelieu Hardware Cash And Cash Equivalents Historical Data

The historical data trend for Richelieu Hardware'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.

Richelieu Hardware Cash And Cash Equivalents Chart

Richelieu Hardware Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.70 73.93 58.71 21.22 46.33

Richelieu Hardware 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.78 22.50 25.38 46.33 25.86

Richelieu Hardware 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.


Richelieu Hardware  (TSX:RCH) 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.


Richelieu Hardware Cash And Cash Equivalents Related Terms

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Richelieu Hardware (TSX:RCH) Business Description

Traded in Other Exchanges
Address
7900 Henri-Bourassa Boulevard West, Ville Saint-Laurent, Montreal, QC, CAN, H4S 1V4
Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company's sales are derived from its operations in Canada. Richelieu's products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.

Richelieu Hardware (TSX:RCH) Headlines

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