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Impac Mortgage Holdings's quarterly cash and cash equivalents declined from Jun. 2022 ($61.17 Mil) to Sep. 2022 ($44.01 Mil) but then stayed the same from Sep. 2022 ($44.01 Mil) to Dec. 2022 ($25.86 Mil).
Impac Mortgage Holdings's annual cash and cash equivalents declined from Dec. 2020 ($54.15 Mil) to Dec. 2021 ($29.56 Mil) and declined from Dec. 2021 ($29.56 Mil) to Dec. 2022 ($25.86 Mil).
The historical data trend for Impac Mortgage Holdings's Cash And Cash Equivalents 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.
Impac Mortgage Holdings Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 23.20 | 24.67 | 54.15 | 29.56 | 25.86 |
Impac Mortgage Holdings Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 29.56 | 70.57 | 61.17 | 44.01 | 25.86 |
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.
Impac Mortgage Holdings (OTCPK:IMPM) Cash And Cash Equivalents Explanation
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.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Thank you for viewing the detailed overview of Impac Mortgage Holdings's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Rhp Trust, Dated May 31, 2011 | 10 percent owner | 1400 NEWPORT CENTER DRIVE, SUITE 230, NEWPORT BEACH CA 92660 |
Richard H/ Pickup | 10 percent owner | 1400 NEWPORT CENTER DRIVE, SUITE 230, NEWPORT BEACH CA 92660 |
George A. Mangiaracina | officer: President | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Tiffany Entsminger | officer: Chief Risk Officer,Head of Ops | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Justin Moisio | officer: Chief Administrative Officer | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Joseph Piscina | director | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Obi Nwokorie | director, officer: EVP, CIO and Director | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Jon Gloeckner | other: SVP Treasury | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Thomas B Akin | 10 percent owner | 2400 BRIDGEWAY # 200, SUITE 200, SAUSALITO CA 94965 |
Joseph Joffrion | officer: SVP, General Counsel | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Katherine J. Blair | director | 228 MANHATTAN BEACH BOULEVARD, MANHATTAN BEACH CA 90266 |
Nima Vahdat | officer: General Counsel | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Paul Licon | other: Principal Accounting Officer | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Todd M Pickup | 10 percent owner | 1400 NEWPORT CENTER DRIVE, SUITE 230, NEWPORT BEACH CA 92660 |
Stewart B. Koenigsberg | director | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
From GuruFocus
By PRNewswire PRNewswire • 08-15-2018
By Kyle Ferguson Kyle Ferguson • 11-17-2016
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