Volato Group (Volato Group) Cash, Cash Equivalents, Marketable Securities : $6.44 Mil (As of Mar. 2024)

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What is Volato Group Cash, Cash Equivalents, Marketable Securities?

Volato Group's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($7.91 Mil) to Dec. 2023 ($14.49 Mil) but then stayed the same from Dec. 2023 ($14.49 Mil) to Mar. 2024 ($6.44 Mil).

Volato Group's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($1.61 Mil) to Dec. 2022 ($5.78 Mil) and increased from Dec. 2022 ($5.78 Mil) to Dec. 2023 ($14.49 Mil).

Volato Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Volato 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.

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Volato Group Cash, Cash Equivalents, Marketable Securities Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

1.61

5.78

14.49

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	5.37	7.91	14.49	6.44

Volato 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.

Volato Group (AMEX:SOAR.WS) 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.

Volato Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Volato Group (Volato Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR.WS) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

SOAR:USA

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

From GuruFocus

Volato Group Inc (SOAR) Navigates Market Turbulence with Strategic Fleet Expansion Despite Revenue Dip

By GuruFocus Research • 03-26-2024