iFIT Health & Fitness (iFIT Health & Fitness) Cash, Cash Equivalents, Marketable Securities : $110 Mil (As of May. 2020)

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What is iFIT Health & Fitness Cash, Cash Equivalents, Marketable Securities?

iFIT Health & Fitness's quarterly cash, cash equivalents, marketable securities stayed the same from . 20 ($0.00 Mil) to May. 2019 ($0.00 Mil) but then increased from May. 2019 ($0.00 Mil) to May. 2020 ($110.24 Mil).

iFIT Health & Fitness's annual cash, cash equivalents, marketable securities increased from May. 2019 ($0.00 Mil) to May. 2020 ($110.24 Mil) and increased from May. 2020 ($110.24 Mil) to May. 2021 ($167.65 Mil).

iFIT Health & Fitness Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness Cash, Cash Equivalents, Marketable Securities Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Cash, Cash Equivalents, Marketable Securities

110.24

167.65

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Cash, Cash Equivalents, Marketable Securities	-	110.24	167.65

iFIT Health & Fitness 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.

iFIT Health & Fitness (NAS:IFIT) 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.

iFIT Health & Fitness Cash, Cash Equivalents, Marketable Securities Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.