Dave (DAVE) Cash, Cash Equivalents, Marketable Securities : $99.9 Mil (As of Mar. 2024)

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What is Dave Cash, Cash Equivalents, Marketable Securities?

Dave's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($169.83 Mil) to Dec. 2023 ($155.94 Mil) but then stayed the same from Dec. 2023 ($155.94 Mil) to Mar. 2024 ($99.93 Mil).

Dave's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($40.24 Mil) to Dec. 2022 ($191.96 Mil) but then declined from Dec. 2022 ($191.96 Mil) to Dec. 2023 ($155.94 Mil).

Dave Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Dave's Cash, Cash Equivalents, Marketable Securities 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.

Dave Cash, Cash Equivalents, Marketable Securities Chart

Dave Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

31.71

22.46

40.24

191.96

155.94

Dave Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial											195.01	177.68	169.83	155.94	99.93

Dave Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Dave (NAS:DAVE) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Dave Cash, Cash Equivalents, Marketable Securities Related Terms

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Dave (DAVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dave Inc (NAS:DAVE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

1265 South Cochran Ave, Los Angeles, CA, USA, 90019

Website

https://www.dave.com

Dave Inc is engaged in offering banking app that offers its customers banking, financial insights, overdraft protection, building credit, and finding side gigs.

Executives

Kyle Beilman	officer: CFO and Secretay	C/O DAVE INC., 1265 SOUTH COCHRAN AVENUE, LOS ANGELES CA 90019
Jason Wilk	director, officer: Chief Executive Officer	C/O DAVE INC., 1265 SOUTH COCHRAN AVENUE, LOS ANGELES CA 90019
Section 32 Fund 1, Lp	10 percent owner	169 UNIVERSITY AVE., PALO ALTO CA 94301
Teresa Luna Aragones	director	C/O TILLY'S, INC., 10 WHATNEY, IRVINE CA 92618
Section 32 Gp 1, Llc	10 percent owner	169 UNIVERSITY AVE., PALO ALTO CA 94301
William J Maris	10 percent owner	2033 SAN ELIJO AVE., #565, CARDIFF-BY-THE-SEA CA 92007
Michael W Pope	director	601 BRANNAN STREET, SAN FRANCISCO CA 94107
Dan Preston	director	C/O METROMILE, INC., 425 MARKET STREET, SUITE 700, SAN FRANCISCO CA 94105
Andrea Mitchell	director	C/O DAVE INC., 1265 SOUTH COCHRAN AVENUE, LOS ANGELES CA 90019
Charles S Paul	director, 10 percent owner	C/O AMC ENTERTAINMENT INC, 920 MAIN ST, KANSAS CITY MO 64105
Peter Offenhauser	director	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Janet Kloppenburg	director	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Vpc Impact Acquisition Holdings Sponsor Iii, Llc	director, 10 percent owner, other: See Remarks	150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606
Carly Altieri	officer: Chief Financial Officer	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Brendan Carroll	director, officer: Co-Chief Executive Officer	C/O VICTORY PARK CAPITAL ADVISORS, LLC, 227 W. MONROE STREET, SUITE 3900, CHICAGO IL 60606