CVS Health (WBO:CVS) Cash And Cash Equivalents : €7,516 Mil (As of Dec. 2023)

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What is CVS Health Cash And Cash Equivalents?

CVS Health's quarterly cash and cash equivalents declined from Jun. 2023 (€12,743.86 Mil) to Sep. 2023 (€12,221.29 Mil) but then stayed the same from Sep. 2023 (€12,221.29 Mil) to Dec. 2023 (€7,515.73 Mil).

CVS Health's annual cash and cash equivalents increased from Dec. 2021 (€8,326.08 Mil) to Dec. 2022 (€12,220.08 Mil) but then declined from Dec. 2022 (€12,220.08 Mil) to Dec. 2023 (€7,515.73 Mil).

CVS Health Cash And Cash Equivalents Historical Data

The historical data trend for CVS Health'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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CVS Health Cash And Cash Equivalents Chart

CVS Health Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5,114.70

6,455.99

8,326.08

12,220.08

7,515.73

CVS Health 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															12,220.08	13,653.21	12,743.86	12,221.29	7,515.73

CVS Health 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.

CVS Health (WBO:CVS) 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.

CVS Health Cash And Cash Equivalents Related Terms

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CVS Health (WBO:CVS) Business Description

Industry

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.