Rite Aid (STU:RTA1) Cash And Cash Equivalents : €85 Mil (As of Aug. 2023)

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What is Rite Aid Cash And Cash Equivalents?

Rite Aid's quarterly cash and cash equivalents declined from Feb. 2023 (€146.78 Mil) to May. 2023 (€124.69 Mil) but then stayed the same from May. 2023 (€124.69 Mil) to Aug. 2023 (€85.21 Mil).

Rite Aid's annual cash and cash equivalents declined from Feb. 2021 (€133.07 Mil) to Feb. 2022 (€34.99 Mil) but then increased from Feb. 2022 (€34.99 Mil) to Feb. 2023 (€146.78 Mil).

Rite Aid Cash And Cash Equivalents Historical Data

The historical data trend for Rite Aid'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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Rite Aid Cash And Cash Equivalents Chart

Rite Aid Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash And Cash Equivalents

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127.18

200.07

133.07

34.99

146.78

Rite Aid Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Cash And Cash Equivalents	Get a 7-Day Free Trial															46.20	101.10	146.78	124.69	85.21

Rite Aid 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.

Rite Aid (STU:RTA1) 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.

Rite Aid Cash And Cash Equivalents Related Terms

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Rite Aid (STU:RTA1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rite Aid Corp (STU:RTA1) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

RADCQ:USA RTA1:Germany

Address

1200 Intrepid Avenue, PO Box 3165, Philadelphia, PA, USA, 17105

Website

https://www.riteaid.com

Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.

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