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The Descartes Systems Group (TSX:DSG) Cash And Cash Equivalents : C$430.8 Mil (As of Jan. 2024)


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What is The Descartes Systems Group Cash And Cash Equivalents?

The Descartes Systems Group's quarterly cash and cash equivalents increased from Jul. 2023 (C$300.43 Mil) to Oct. 2023 (C$383.40 Mil) and increased from Oct. 2023 (C$383.40 Mil) to Jan. 2024 (C$430.81 Mil).

The Descartes Systems Group's annual cash and cash equivalents increased from Jan. 2022 (C$269.40 Mil) to Jan. 2023 (C$370.96 Mil) and increased from Jan. 2023 (C$370.96 Mil) to Jan. 2024 (C$430.81 Mil).

The Descartes Systems Group Cash And Cash Equivalents Historical Data

The historical data trend for The Descartes Systems Group'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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The Descartes Systems Group Cash And Cash Equivalents Chart

The Descartes Systems Group Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.12 170.08 269.40 370.96 430.81

The Descartes Systems Group Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 370.96 245.66 300.43 383.40 430.81

The Descartes Systems Group 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.

The Descartes Systems Group  (TSX:DSG) 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.

The Descartes Systems Group Cash And Cash Equivalents Related Terms

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The Descartes Systems Group (TSX:DSG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » The Descartes Systems Group Inc (TSX:DSG) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
DSGX:USA DC2:Germany
Address
120 Randall Drive, Waterloo, ON, CAN, N2V 1C6
Website
https://www.descartes.com
The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.
Executives
Edward James Gardner Senior Officer

The Descartes Systems Group (TSX:DSG) Headlines