What is Reliability Cash, Cash Equivalents, Marketable Securities?
Reliability's quarterly cash, cash equivalents, marketable securities
increased
from Sep. 2023 ($0.75 Mil) to Dec. 2023 ($0.82 Mil) but then
stayed the same
from Dec. 2023 ($0.82 Mil) to Mar. 2024 ($0.49 Mil).
Reliability's annual cash, cash equivalents, marketable securities
increased
from Dec. 2021 ($0.02 Mil) to Dec. 2022 ($0.23 Mil) and
increased
from Dec. 2022 ($0.23 Mil) to Dec. 2023 ($0.82 Mil).
Reliability Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Reliability'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.
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.
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.
Reliability Cash, Cash Equivalents, Marketable Securities Related Terms
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Reliability Inc provides workforce solutions to its clients consisting primarily of Employer of Record (EOR) services, recruiting and staffing, and video and multimedia production. It operates within four industry segments: EOR, Recruiting and Staffing, Video and Multimedia Production, and Direct Hire. The EOR segment which generates a majority of revenue for the company provides media field talent to a host of large corporate customers. The company's clients are in diverse industries including media, financial services including banking, medical devices, pharmaceuticals, telecommunications, energy, healthcare, and education.
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