PGRE (Paramount Group) Cash And Cash Equivalents : $318.7 Mil (As of Sep. 2024)

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What is Paramount Group Cash And Cash Equivalents?

Paramount Group's quarterly cash and cash equivalents increased from Mar. 2024 ($276.24 Mil) to Jun. 2024 ($307.46 Mil) and increased from Jun. 2024 ($307.46 Mil) to Sep. 2024 ($318.73 Mil).

Paramount Group's annual cash and cash equivalents declined from Dec. 2021 ($524.90 Mil) to Dec. 2022 ($408.91 Mil) but then increased from Dec. 2022 ($408.91 Mil) to Dec. 2023 ($428.21 Mil).

Paramount Group Cash And Cash Equivalents Historical Data

The historical data trend for Paramount 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.

* Premium members only.

Paramount Group Cash And Cash Equivalents Chart

Paramount Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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306.22

434.53

524.90

408.91

428.21

Paramount Group 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															399.63	428.21	276.24	307.46	318.73

Paramount 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.

Paramount Group (NYSE:PGRE) 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.

Paramount Group Cash And Cash Equivalents Related Terms

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Paramount Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Paramount Group Inc (NYSE:PGRE) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

6PM:Germany

Address

1633 Broadway, Suite 1801, New York, NY, USA, 10019

Website

https://www.pgre.com

Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district (CBD) submarkets of New York City and San Francisco. The company operates in two geographical segments New York and San Francisco. Paramount Group derives nearly all of its revenue in the form of rental income from leasing its offices to tenants.

Executives

Albert P. Behler	director, officer: Chairman, CEO and President	PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Gage R. Johnson	officer: SVP, GC and Secretary	PARAMOUNT GROUP, INC., 1633 BROADWAY, NEW YORK NY 10018
Thomas Armbrust	director	WERNER OTTO STRASSE 1-7, D-22179 HAMBURG 2M D-22179
Martin Bussmann	director	C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Paula Sutter	director	969 BROADWAY, SUITE 200, OAKLAND CA 94607
Hitoshi Saito	director	PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Ermelinda Berberi	officer: See Remarks	1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Gregory S Wright	director	FOUR EMBARCADERO CENTER, SUITE 3200, SAN FRANCISCO CA 94111
Katharina Otto-bernstein	director, 10 percent owner	C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Alexander Otto	10 percent owner	C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Maren Otto	10 percent owner	WERNER-OTTO-STR. 1-7, HAMBURG 2M D-22179
Dyer Colin	director	JONES LANG LASALLE INCORPORATED, 200 EAST RANDOLPH DRIVE, CHICAGO IL 60601
David Zobel	officer: See Remarks	144 E. 84TH STREET #6D, NEW YORK NY 10028
Mark R Patterson	director	40 MINNISINK ROAD, SHORT HILLS NJ 07078
Brindley Peter R.c.	officer: EVP, Leasing	1633 BROADWAY, SUITE 1801, NEW YORK NY 10019