What is Central Garden & Pet Co Cash, Cash Equivalents, Marketable Securities?
Central Garden & Pet Co's quarterly cash, cash equivalents, marketable securities
increased
from Jun. 2023 ($333.14 Mil) to Sep. 2023 ($488.73 Mil) but then
stayed the same
from Sep. 2023 ($488.73 Mil) to Dec. 2023 ($341.42 Mil).
Central Garden & Pet Co's annual cash, cash equivalents, marketable securities
declined
from Sep. 2021 ($426.42 Mil) to Sep. 2022 ($177.44 Mil) but then
increased
from Sep. 2022 ($177.44 Mil) to Sep. 2023 ($488.73 Mil).
Central Garden & Pet Co Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Central Garden & Pet Co's Cash, Cash Equivalents, Marketable Securities 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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Central Garden & Pet Co Cash, Cash Equivalents, Marketable Securities Chart
Central Garden & Pet Co Cash, Cash Equivalents, Marketable Securities 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.
Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.
Central Garden & Pet Co (NAS:CENTA) Cash, Cash Equivalents, Marketable Securities Explanation
Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.
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.
Central Garden & Pet Co Cash, Cash Equivalents, Marketable Securities Related Terms
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Central Garden & Pet Co (Central Garden & Pet Co) Business Description
Central Garden & Pet Co understands that home is central to life and has nurtured happy and healthy homes for over forty years. The segments of the company are the pet segment and garden segment. The company's trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier and communities grow stronger. Central is home to a portfolio of more than sixty-five brands including Pennington, Nylabone, Kaytee, Amdro, and Aqueon, manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central Garden and Pet is based in Walnut Creek, California, and has offices across North America and Europe.
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