Goodfellow (TSX:GDL) Cash, Cash Equivalents, Marketable Securities : C$4.4 Mil (As of Feb. 2024)

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What is Goodfellow Cash, Cash Equivalents, Marketable Securities?

Goodfellow's quarterly cash, cash equivalents, marketable securities increased from Aug. 2023 (C$7.97 Mil) to Nov. 2023 (C$28.38 Mil) but then stayed the same from Nov. 2023 (C$28.38 Mil) to Feb. 2024 (C$4.40 Mil).

Goodfellow's annual cash, cash equivalents, marketable securities declined from Nov. 2021 (C$4.25 Mil) to Nov. 2022 (C$3.42 Mil) but then increased from Nov. 2022 (C$3.42 Mil) to Nov. 2023 (C$28.38 Mil).

Goodfellow Cash, Cash Equivalents, Marketable Securities Historical Data

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

Goodfellow Annual Data

Trend

Aug13

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash, Cash Equivalents, Marketable Securities

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2.36

3.47

4.25

3.42

28.38

Goodfellow Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															1.96	3.17	7.97	28.38	4.40

Goodfellow 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.

Goodfellow (TSX:GDL) 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.

Goodfellow Cash, Cash Equivalents, Marketable Securities Related Terms

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Goodfellow (TSX:GDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Goodfellow Inc (TSX:GDL) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Address

225 Goodfellow Street, Delson, QC, CAN, J5B 1V5

Website

https://www.goodfellowinc.com

Goodfellow Inc is engaged in various business activities related to remanufacturing and distribution of lumber and wood products. The Company manages its operations under one operating segment i.e. sale of Lumber, Specialty and commodity panels, Flooring and Building materials. Majority of company's revenue is generated from sale of Lumber. The company operates in Canada and The United States; majority revenue is generated from Canada.