Hovnanian Enterprises (Hovnanian Enterprises) Cash And Cash Equivalents : $182 Mil (As of Apr. 2024)

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What is Hovnanian Enterprises Cash And Cash Equivalents?

Hovnanian Enterprises's quarterly cash and cash equivalents declined from Oct. 2023 ($434.12 Mil) to Jan. 2024 ($183.12 Mil) but then stayed the same from Jan. 2024 ($183.12 Mil) to Apr. 2024 ($181.97 Mil).

Hovnanian Enterprises's annual cash and cash equivalents increased from Oct. 2021 ($245.97 Mil) to Oct. 2022 ($326.20 Mil) and increased from Oct. 2022 ($326.20 Mil) to Oct. 2023 ($434.12 Mil).

Hovnanian Enterprises Cash And Cash Equivalents Historical Data

The historical data trend for Hovnanian Enterprises'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.

Hovnanian Enterprises Cash And Cash Equivalents Chart

Hovnanian Enterprises Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

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130.98

262.49

245.97

326.20

434.12

Hovnanian Enterprises Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash And Cash Equivalents	Get a 7-Day Free Trial															333.25	325.18	434.12	183.12	181.97

Hovnanian Enterprises 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.

Hovnanian Enterprises (OTCPK:HOVVB) 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.

Hovnanian Enterprises Cash And Cash Equivalents Related Terms

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Hovnanian Enterprises (Hovnanian Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (OTCPK:HOVVB) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

HOV:USA HOVNP.PFD:USA HO3A:Germany

Address

90 Matawan Road, Fifth Floor, Matawan, NJ, USA, 07747

Website

https://www.khov.com

Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.