OPY (Oppenheimer Holdings) Cash And Cash Equivalents : $32 Mil (As of Sep. 2024)

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What is Oppenheimer Holdings Cash And Cash Equivalents?

Oppenheimer Holdings's quarterly cash and cash equivalents increased from Mar. 2024 ($27.66 Mil) to Jun. 2024 ($33.21 Mil) but then stayed the same from Jun. 2024 ($33.21 Mil) to Sep. 2024 ($32.24 Mil).

Oppenheimer Holdings's annual cash and cash equivalents declined from Dec. 2021 ($213.76 Mil) to Dec. 2022 ($112.43 Mil) and declined from Dec. 2022 ($112.43 Mil) to Dec. 2023 ($28.84 Mil).

Oppenheimer Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Oppenheimer Holdings'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.

Oppenheimer Holdings Cash And Cash Equivalents Chart

Oppenheimer Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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79.55

35.42

213.76

112.43

28.84

Oppenheimer Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															30.77	28.84	27.66	33.21	32.24

Oppenheimer Holdings 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.

Oppenheimer Holdings (NYSE:OPY) 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.

Oppenheimer Holdings Cash And Cash Equivalents Related Terms

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Oppenheimer Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Oppenheimer Holdings Inc (NYSE:OPY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Broad Street, New York, NY, USA, 10004

Website

https://www.oppenheimer.com

Oppenheimer Holdings Inc conducts activities in the securities industry. The company is involved in retail securities brokerage, investment banking (both corporate and public finance), institutional sales and trading, market-making, research, trust services, and investment advisory and asset management services. The company has three segments: private client, asset management, and capital markets. The Private Client segment, commissions and a proportionate amount of fee income earned on assets under management ("AUM"), net interest earnings on client margin loans and cash balances, fees from money market funds, and custodian fees. The company generates the majority of its revenue from the Americas, with the rest from Europe, the Middle East, and Asia.

Executives

Evan Behrens	director	C/O SEACOR HOLDINGS INC., 2200 ELLER DRIVE, P.O. BOX 13038, FORT LAUDERDALE FL 33316
Dennis P Mcnamara	officer: Secretary	C/O OPPENHEIMER & CO. INC., 85 BROAD STREET, NEW YORK NY 10004
Stacy J. Kanter	director	C/O APPLIED THERAPEUTICS, INC., 340 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10173
Brad M Watkins	officer: CFO	72 CANDY LANE, SYOSSET NY 11791
Paul M Friedman	director	11 DEERFIELD LANE, SCARSDALE NY 10583
R Lawrence Roth	director	C/O OPPENHEIMER HOLDINGS INC., 85 BROAD STREET, NEW YORK NY 10004
A Winn Oughtred	director	52 MAPLE AVE, TORONTO ONTARIO A6 M4W 2T7
Timothy Martin Dwyer	director	60 BEACON HILL ROAD, NEW CANAAN CT 06840
William Ehrhardt	director	101 PARK BLVD NORTH, VENICE FL 34285
Teresa Glasser	director	1044 GRAND ISLE TERRACE, PALM BEACH GARDENS FL 33418
Robert S Lowenthal	director	85 BROAD STREET, NEW YORK NY 10004
Albert G Lowenthal	director, 10 percent owner, officer: CEO	OPPENHEIMER HOLDINGS INC., 85 BROAD STREET, NEW YORK NY 10004
Jeffrey J Alfano	officer: CFO	C/O OPPENHEIMER & CO. INC., 85 BROAD STREET, NEW YORK NY 10004
Morris Goldfarb	director	C/O G-III APPAREL GROUP, 345 W 37TH ST, NY NY 10018
Richard Crystal	director	41 BLACK BIRCH LN, SCARSDALE NY 10583