Independence Realty Trust (Independence Realty Trust) Cash And Cash Equivalents : $21.3 Mil (As of Mar. 2024)

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What is Independence Realty Trust Cash And Cash Equivalents?

Independence Realty Trust's quarterly cash and cash equivalents increased from Sep. 2023 ($17.22 Mil) to Dec. 2023 ($22.85 Mil) but then stayed the same from Dec. 2023 ($22.85 Mil) to Mar. 2024 ($21.28 Mil).

Independence Realty Trust's annual cash and cash equivalents declined from Dec. 2021 ($35.97 Mil) to Dec. 2022 ($16.08 Mil) but then increased from Dec. 2022 ($16.08 Mil) to Dec. 2023 ($22.85 Mil).

Independence Realty Trust Cash And Cash Equivalents Historical Data

The historical data trend for Independence Realty Trust'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.

Independence Realty Trust Cash And Cash Equivalents Chart

Independence Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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9.89

8.75

35.97

16.08

22.85

Independence Realty Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															12.45	14.35	17.22	22.85	21.28

Independence Realty Trust 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.

Independence Realty Trust (NYSE:IRT) 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.

Independence Realty Trust Cash And Cash Equivalents Related Terms

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Independence Realty Trust (Independence Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Independence Realty Trust Inc (NYSE:IRT) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

N/A

Address

1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103

Website

https://www.irtliving.com

Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.

Executives

Michele R. Weisbaum	other: General Counsel	C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Scott Schaeffer	director, officer: Chairman, CEO & President	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Ella S Neyland	director, officer: Chief Operating Officer
Stephen R. Bowie	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Thomas H. Purcell	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Ned Brines	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Del Rio Ana Marie	director	18100 VON KARMAN AVE, SUITE 500, IRVINE CA 92612
Lisa Washington	director	311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Richard H Ross	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
James J Sebra	officer: CFO & Treasurer	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
William C Dunkelberg	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jessica K Norman	officer: EVP, General Counsel	1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jason R Delozier	officer: CAO and Controller	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Richard D Gebert	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Melinda H Mcclure	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103