McRae Industries (McRae Industries) Cash, Cash Equivalents, Marketable Securities : $39.8 Mil (As of Jul. 2023)

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What is McRae Industries Cash, Cash Equivalents, Marketable Securities?

McRae Industries's quarterly cash, cash equivalents, marketable securities increased from Jul. 2021 ($0.00 Mil) to Jul. 2022 ($25.86 Mil) and increased from Jul. 2022 ($25.86 Mil) to Jul. 2023 ($39.84 Mil).

McRae Industries's annual cash, cash equivalents, marketable securities increased from Jul. 2021 ($0.00 Mil) to Jul. 2022 ($25.86 Mil) and increased from Jul. 2022 ($25.86 Mil) to Jul. 2023 ($39.84 Mil).

McRae Industries Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for McRae Industries'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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McRae Industries Cash, Cash Equivalents, Marketable Securities Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Cash, Cash Equivalents, Marketable Securities

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2.46

9.24

25.86

39.84

McRae Industries Semi-Annual Data
	Jul89	Jul90	Jul91	Jul92	Jul93	Jul94	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul21	Jul22	Jul23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															2.46	9.24	-	25.86	39.84

McRae Industries 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.

McRae Industries (OTCPK:MCRAA) 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.

McRae Industries Cash, Cash Equivalents, Marketable Securities Related Terms

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McRae Industries (McRae Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

MCRAB:USA

Address

400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306

Website

http://www.mcraeindustries.com

McRae Industries Inc operates in the footwear industry. Its principal lines of business are manufacturing and selling military combat boots and importing and selling western and work boots. It operates through the Western and Lifestyle Segments. The Western and Lifestyle segment, which is the key revenue driver, includes western, ladies fashion, and children's footwear products under the Dan Post, Dingo, and Laredo Western Boots brand names.