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Federated Hermes's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($554.43 Mil) to Dec. 2023 ($560.68 Mil) but then stayed the same from Dec. 2023 ($560.68 Mil) to Mar. 2024 ($558.53 Mil).
Federated Hermes's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($426.67 Mil) to Dec. 2022 ($521.75 Mil) and increased from Dec. 2022 ($521.75 Mil) to Dec. 2023 ($560.68 Mil).
The historical data trend for Federated Hermes'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.
Federated Hermes Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial |
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340.64 | 438.77 | 426.67 | 521.75 | 560.68 |
Federated Hermes Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | 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 |
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487.99 | 520.81 | 554.43 | 560.68 | 558.53 |
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.
Federated Hermes (NYSE:FHI) 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.
Thank you for viewing the detailed overview of Federated Hermes's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
Saker Anwar Nusseibeh | officer: CEO, Hermes Fund Managers Ltd. | HERMES INVESTMENT MANAGEMENT, 150 CHEAPSIDE, 6TH FLOOR, LONDON X0 EC2V6ET |
John B Fisher | director, officer: Pres Inst Sales Div. FSC | 1001 LIBERTY AVENUE, FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779 |
Dolores D Dudiak | officer: Vice President | 1001 LIBERTY AVENUE, 19TH FLOOR, PITTSBURGH PA 15222 |
Gordon J Ceresino | officer: Exec. Director, Int'l Dist. | FEDERATED MDT ADVISER, 125 HIGH STREET, OLIVER STREET TOWER, 21ST FLOOR, BOSTON MA 02110 |
Richard A Novak | officer: Principal Accounting Officer | FEDERATED INVESTORS INC., FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779 |
Paul A Uhlman | officer: Vice President | 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779 |
Peter J Germain | officer: EVP, Chief Legal Officer & GC | C/O FEDERATED INVESTORS, 1001 LIBERTY AVE, PITTSBURGH PA 15222 |
Meter Stephen Van | officer: VP, Chief Compliance Officer | FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779 |
J Christopher Donahue | director, officer: President and CEO | 5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000 |
Michael J Farrell | director | 1001 LIBERTY AVENUE, FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779 |
Thomas R Donahue | director, officer: VP, CFO, Treasurer | 5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000 |
Marie Milie Jones | director | FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779 |
Eugene F Maloney | director, officer: Vice President | FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779 |
Joseph C Bartolacci | director | |
Thomas E Territ | officer: Vice President | FEDERATED INVESTORS, INC., FEDERATED INVESTORS TOWER, PITTSBURGH PA 15222-3779 |
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