iFIT Health & Fitness (iFIT Health & Fitness) Cash And Cash Equivalents : $100 Mil (As of May. 2020)

View and export this data going back to 2021. Start your Free Trial

What is iFIT Health & Fitness Cash And Cash Equivalents?

iFIT Health & Fitness's quarterly cash and cash equivalents stayed the same from . 20 ($0.00 Mil) to May. 2019 ($0.00 Mil) but then increased from May. 2019 ($0.00 Mil) to May. 2020 ($100.32 Mil).

iFIT Health & Fitness's annual cash and cash equivalents increased from May. 2019 ($0.00 Mil) to May. 2020 ($100.32 Mil) and increased from May. 2020 ($100.32 Mil) to May. 2021 ($146.45 Mil).

iFIT Health & Fitness Cash And Cash Equivalents Historical Data

The historical data trend for iFIT Health & Fitness'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.

iFIT Health & Fitness Cash And Cash Equivalents Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Cash And Cash Equivalents

100.32

146.45

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Cash And Cash Equivalents	-	100.32	146.45

iFIT Health & Fitness 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.

iFIT Health & Fitness (NAS:IFIT) 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.

iFIT Health & Fitness Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of iFIT Health & Fitness's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.