CI Financial (TSX:CIX) Cash And Cash Equivalents : C$147 Mil (As of Mar. 2025)

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What is CI Financial Cash And Cash Equivalents?

CI Financial's quarterly cash and cash equivalents increased from Sep. 2024 (C$144.08 Mil) to Dec. 2024 (C$167.61 Mil) but then stayed the same from Dec. 2024 (C$167.61 Mil) to Mar. 2025 (C$146.70 Mil).

CI Financial's annual cash and cash equivalents declined from Dec. 2022 (C$153.62 Mil) to Dec. 2023 (C$137.03 Mil) but then increased from Dec. 2023 (C$137.03 Mil) to Dec. 2024 (C$167.61 Mil).

CI Financial Cash And Cash Equivalents Historical Data

The historical data trend for CI Financial'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.

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CI Financial Cash And Cash Equivalents Chart

CI Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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483.60

230.78

153.62

137.03

167.61

CI Financial Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash And Cash Equivalents	Get a 7-Day Free Trial															126.15	128.06	144.08	167.61	146.70

CI Financial 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.

CI Financial (TSX:CIX) 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.

CI Financial Cash And Cash Equivalents Related Terms

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CI Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (TSX:CIX) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

CIXXF:USA CF7:Germany

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a provider of asset- and wealth-management products and services. The company has a decent share in the Canadian fund market (fifth behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year) and remains the second-largest non-bank-affiliated asset manager in the Canadian market, with CAD 135.4 billion in assets under management (including CAD 36.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of September. The firm also had CAD 350.7 billion in assets under advisement (including CAD 250.6 billion from its US wealth-management operations and CAD 100.1 billion from its Canadian wealth-management partners) and CAD 31.9 billion in custody assets.

Executives

Brigette Elizabeth Chang	Director
Paul Perrow	Director
William Thomas Holland	Director
Yvette Zhang	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Hoi Sha Elsa Li	Director or Senior Officer of 10% Security Holder
Jennifer Francine Sinopoli	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Manisha Burman	Senior Officer
Darie Urbanky	Senior Officer
Amarjit Kaur Anderson	Senior Officer
Julie Lynn Silcox	Senior Officer
Kurt Macalpine	Director, Senior Officer
Christopher James Enright	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Sean Andrew Etherington	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Marc-andre Lewis	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Amit Muni	Senior Officer