T. Rowe Price Group (WBO:TROW) Cash And Cash Equivalents : €1,895 Mil (As of Dec. 2023)

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What is T. Rowe Price Group Cash And Cash Equivalents?

T. Rowe Price Group's quarterly cash and cash equivalents increased from Jun. 2023 (€2,076.47 Mil) to Sep. 2023 (€2,416.24 Mil) but then stayed the same from Sep. 2023 (€2,416.24 Mil) to Dec. 2023 (€1,895.07 Mil).

T. Rowe Price Group's annual cash and cash equivalents increased from Dec. 2021 (€1,347.94 Mil) to Dec. 2022 (€1,657.29 Mil) and increased from Dec. 2022 (€1,657.29 Mil) to Dec. 2023 (€1,895.07 Mil).

T. Rowe Price Group Cash And Cash Equivalents Historical Data

The historical data trend for T. Rowe Price 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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T. Rowe Price Group Cash And Cash Equivalents Chart

T. Rowe Price Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,603.62

1,768.70

1,347.94

1,657.29

1,895.07

T. Rowe Price Group 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															1,657.29	1,955.89	2,076.47	2,416.24	1,895.07

T. Rowe Price 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.

T. Rowe Price Group (WBO:TROW) 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.

T. Rowe Price Group Cash And Cash Equivalents Related Terms

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T. Rowe Price Group (WBO:TROW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » T. Rowe Price Group Inc (WBO:TROW) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

TROW:USA 1TROW:Italy TR1:Germany TR1:Germany TR1:Germany T1RO34:Brazil

Address

100 East Pratt Street, Baltimore, MD, USA, 21202

Website

https://www.troweprice.com

T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.