Golden Eagle Retail Group (Golden Eagle Retail Group) Cash, Cash Equivalents, Marketable Securities : $1,158.4 Mil (As of Jun. 2023)

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What is Golden Eagle Retail Group Cash, Cash Equivalents, Marketable Securities?

Golden Eagle Retail Group's quarterly cash, cash equivalents, marketable securities declined from Jun. 2022 ($1,179.57 Mil) to Dec. 2022 ($1,148.04 Mil) but then increased from Dec. 2022 ($1,148.04 Mil) to Jun. 2023 ($1,158.37 Mil).

Golden Eagle Retail Group's annual cash, cash equivalents, marketable securities increased from Dec. 2020 ($1,036.27 Mil) to Dec. 2021 ($1,215.57 Mil) but then declined from Dec. 2021 ($1,215.57 Mil) to Dec. 2022 ($1,148.04 Mil).

Golden Eagle Retail Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Golden Eagle Retail Group'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.

* Premium members only.

Golden Eagle Retail Group Cash, Cash Equivalents, Marketable Securities Chart

Golden Eagle Retail Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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923.45

811.60

1,036.27

1,215.57

1,148.04

Golden Eagle Retail Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1,046.25	1,215.57	1,179.57	1,148.04	1,158.37

Golden Eagle Retail Group 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.

Golden Eagle Retail Group (OTCPK:GDNEY) 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.

Golden Eagle Retail Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Golden Eagle Retail Group (Golden Eagle Retail Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golden Eagle Retail Group Ltd (OTCPK:GDNEY) » Definitions » Cash, Cash Equivalents, Marketable Securities

Traded in Other Exchanges

N/A

Address

No. 888 Yingtian Street, 17th Floor, Block A, Golden Eagle World, Jianye District, Nanjing, CHN

Website

http://www.geretail.com

Golden Eagle Retail Group Ltd is principally engaged in the development and operation of department stores in China. Targeting the mid-to-high end market, the company's stores are primarily located in four provinces and one municipality, including Jiangsu, Anhui, Shaanxi, Yunnan, and Shanghai. In addition to the core function as a department store chain, the company's stores also provide other functions and amenities, such as dining, entertainment, beauty, and personal care, cinemas, and preschool education. Specifically, for the company's stores, the majority of the total gross floor area is located in self-owned properties.

Golden Eagle Retail Group (Golden Eagle Retail Group) Headlines

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Matthews China Comments on Golden Eagle

By Holly LaFon Holly LaFon • 10-22-2015