McRae Industries (McRae Industries) Cash And Cash Equivalents : $18.3 Mil (As of Jul. 2023)

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What is McRae Industries Cash And Cash Equivalents?

McRae Industries's quarterly cash and cash equivalents increased from Jul. 2021 ($0.00 Mil) to Jul. 2022 ($15.32 Mil) and increased from Jul. 2022 ($15.32 Mil) to Jul. 2023 ($18.33 Mil).

McRae Industries's annual cash and cash equivalents increased from Jul. 2021 ($0.00 Mil) to Jul. 2022 ($15.32 Mil) and increased from Jul. 2022 ($15.32 Mil) to Jul. 2023 ($18.33 Mil).

McRae Industries Cash And Cash Equivalents Historical Data

The historical data trend for McRae Industries'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.

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McRae Industries Cash And Cash Equivalents Chart

McRae Industries Annual Data

Trend

Jul99

Jul00

Jul01

Jul02

Jul03

Jul04

Jul05

Jul21

Jul22

Jul23

Cash And Cash Equivalents

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2.46

9.24

15.32

18.33

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 And Cash Equivalents	Get a 7-Day Free Trial															2.46	9.24	-	15.32	18.33

McRae Industries Cash And Cash Equivalents 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.

McRae Industries (OTCPK:MCRAA) 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.

McRae Industries Cash And Cash Equivalents 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 And Cash Equivalents

Comparable Companies

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.