Offerpad Solutions (Offerpad Solutions) Cash, Cash Equivalents, Marketable Securities : $76 Mil (As of Dec. 2023)

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What is Offerpad Solutions Cash, Cash Equivalents, Marketable Securities?

Offerpad Solutions's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($115.60 Mil) to Sep. 2023 ($106.00 Mil) but then stayed the same from Sep. 2023 ($106.00 Mil) to Dec. 2023 ($75.97 Mil).

Offerpad Solutions's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($169.82 Mil) to Dec. 2022 ($97.24 Mil) and declined from Dec. 2022 ($97.24 Mil) to Dec. 2023 ($75.97 Mil).

Offerpad Solutions Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Offerpad Solutions'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.

Offerpad Solutions Cash, Cash Equivalents, Marketable Securities Chart

Offerpad Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

43.94

169.82

97.24

75.97

Offerpad Solutions Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial										97.24	107.73	115.60	106.00	75.97

Offerpad Solutions 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.

Offerpad Solutions (NYSE:OPAD) 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.

Offerpad Solutions Cash, Cash Equivalents, Marketable Securities Related Terms

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Offerpad Solutions (Offerpad Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Offerpad Solutions Inc (NYSE:OPAD) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

2150 E. Germann Road, Suite 1, Chandler, AZ, USA, 85286

Website

https://www.offerpad.com

Offerpad Solutions Inc provides a way to buy and sell a home. It uses technology-enabled solutions to remake the home selling and buying experience by offering customers the convenience, control, and certainty to solve their housing needs. It combines fundamental real estate expertise with the data-driven digital Solutions Center platform to give users a holistic, customer-centric experience, enabling them to efficiently sell and buy their homes online with streamlined access to other services including mortgage, listing, and buyer representation services.

Executives

Jawad A Ahsan	officer: Chief Financial Officer	17800 N 85TH ST, SCOTTSDALE AZ 85255
Roberto Marco Sella	director	2400 MARKET STREET, SUITE 302, PHILADELPHIA PA 19103
Kenneth D Degiorgio	director
Ryan Ohara	director	6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028
Stephen Michael Johnson	officer: Chief Operating Officer	C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286
Benjamin Adam Aronovitch	officer: Chief Legal Officer	C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286
Brian Bair	director, officer: Chief Executive Officer	C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286
Katherine Curnutte	director	4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007
Ll Capital Partners I, L.p.	10 percent owner	C/O LL FUNDS, LLC, 2400 MARKET STREET, SUITE 302, PHILADELPHIA PA 19103
Michael S. Burnett	officer: Chief Financial Officer	8601 NORTH SCOTTSDALE ROAD, SUITE 225, SCOTTSDALE AZ 85253
First American Financial Corp	10 percent owner	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Sheryl Palmer	director	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Supernova Partners Llc	10 percent owner	4520 DEXTER STREET, N.W., WASHINGTON DC 20007
Michael S. Clifton	officer: Chief Financial Officer	C/O SUPERNOVA PARTNERS ACQUISITION CO., 4520 DEXTER STREET, N.W., WASHINGTON DC 20007
Gregg Renfrew	director	C/O SUPERNOVA PARTNERS ACQUISITION CO., 4520 DEXTER STREET, N.W., WASHINGTON DC 20007