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RF Capital Group (TSX:RCG) Cash And Cash Equivalents : C$65.2 Mil (As of Mar. 2024)


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What is RF Capital Group Cash And Cash Equivalents?

RF Capital Group's quarterly cash and cash equivalents declined from Sep. 2023 (C$80.97 Mil) to Dec. 2023 (C$80.83 Mil) but then stayed the same from Dec. 2023 (C$80.83 Mil) to Mar. 2024 (C$65.16 Mil).

RF Capital Group's annual cash and cash equivalents declined from Dec. 2021 (C$518.10 Mil) to Dec. 2022 (C$367.85 Mil) and declined from Dec. 2022 (C$367.85 Mil) to Dec. 2023 (C$80.83 Mil).

RF Capital Group Cash And Cash Equivalents Historical Data

The historical data trend for RF Capital 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.

* Premium members only.

RF Capital Group Cash And Cash Equivalents Chart

RF Capital Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 516.60 556.25 518.10 367.85 80.83

RF Capital Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 46.66 65.72 80.97 80.83 65.16

RF Capital 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.

RF Capital Group  (TSX:RCG) 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.

RF Capital Group Cash And Cash Equivalents Related Terms

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RF Capital Group (TSX:RCG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RF Capital Group Inc (TSX:RCG) » Definitions » Cash And Cash Equivalents
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TSX:FAP NEOE:ETHC TSX:STCK TSX:RS TSX:MID.UN TSX:DF TSX:PIC.A TSX:BGI.UN TSXV:LPC TSXV:NFD.A BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
GMPFF.PFD:USA GMPXF:USA RCG.PR.B.PFD:Canada
Address
100 Queens Quay East, Suite 2500, Toronto, ON, CAN, M5E 1Y3
Website
https://www.rfcapgroup.com
RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.
Executives
Timothy James Wilson Senior Officer

RF Capital Group (TSX:RCG) Headlines

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