EPFCF (Everyday People Financial) Cash, Cash Equivalents, Marketable Securities : $0.50 Mil (As of Sep. 2024)

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What is Everyday People Financial Cash, Cash Equivalents, Marketable Securities?

Everyday People Financial's quarterly cash, cash equivalents, marketable securities declined from Mar. 2024 ($0.51 Mil) to Jun. 2024 ($0.48 Mil) but then increased from Jun. 2024 ($0.48 Mil) to Sep. 2024 ($0.50 Mil).

Everyday People Financial's annual cash, cash equivalents, marketable securities declined from Jul. 2021 ($0.17 Mil) to Jul. 2022 ($0.14 Mil) but then increased from Jul. 2022 ($0.14 Mil) to Dec. 2023 ($1.09 Mil).

Everyday People Financial Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Everyday People Financial'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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Everyday People Financial Cash, Cash Equivalents, Marketable Securities Chart

Everyday People Financial Annual Data

Trend

Jul20

Jul21

Jul22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.11

0.17

0.14

1.09

Everyday People Financial Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial										1.13	1.09	0.51	0.48	0.50

Everyday People Financial 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.

Everyday People Financial (OTCPK:EPFCF) 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.

Everyday People Financial Cash, Cash Equivalents, Marketable Securities Related Terms

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Everyday People Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Everyday People Financial Corp (OTCPK:EPFCF) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

EPF:Canada

Address

11150 Jasper Avenue, Suite 450, Edmonton, AB, CAN, T5K 0C7

Website

https://www.everydaypeoplefinancial.com

Everyday People Financial Corp is a financial services provider. Through its technology-driven ecosystem, alternative and specialty credit financing programs it offers credit and payment cards, homeownership facilitation, consumer lending, and payment management among other services. The reportable operating segments of the company are; Financial services, EP Homes facilitation services, Revenue cycle management services, and Contract receivable services. The majority of the company's revenue is derived from its Revenue cycle management services segment which provides debt collection services for corporations that have past due and default accounts. Geographically, the company generates a majority of its revenue from Canada followed by the United Kingdom and the United States of America.