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Urgently (Urgently) Cash, Cash Equivalents, Marketable Securities : $40.4 Mil (As of Mar. 2024)


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What is Urgently Cash, Cash Equivalents, Marketable Securities?

Urgently's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($8.67 Mil) to Dec. 2023 ($69.05 Mil) but then stayed the same from Dec. 2023 ($69.05 Mil) to Mar. 2024 ($40.39 Mil).

Urgently's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($30.16 Mil) to Dec. 2022 ($6.36 Mil) but then increased from Dec. 2022 ($6.36 Mil) to Dec. 2023 ($69.05 Mil).

Urgently Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Urgently'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.

Urgently Cash, Cash Equivalents, Marketable Securities Chart

Urgently Annual Data
Trend Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
30.16 6.36 69.05

Urgently Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.73 11.95 8.67 69.05 40.39

Urgently 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.

Urgently  (NAS:ULY) 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.

Urgently Cash, Cash Equivalents, Marketable Securities Related Terms

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Urgently (Urgently) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Urgently Inc (NAS:ULY) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
8609 Westwood Center Drive, Suite 810, Vienna, VA, USA, 22182
Website
https://www.geturgently.com
Urgent.ly Inc is a leading connected mobility assistance software platform, matching vehicle owners and operators with service professionals who deliver traditional roadside assistance, proactive maintenance and repair services. The traditional experience of a vehicle breakdown is often stressful and inconvenient, compounded by processes that lack transparency and lead to long wait times. Urgently offers an innovative alternative to this traditional experience, leveraging its digitally native software platform to match supply and demand in its network and deliver exceptional mobility assistance experiences at scale.
Executives
Volkow Ben director 16 ABBA EBAN BLVD., HERZLIYA PITUACH L3 467256
Andrew M Geisse director 208 S. AKARD ST., DALLAS TX 75202
Timothy C. Huffmyer officer: Chief Financial Officer 1000 PARK DRIVE, LAWRENCE PA 15055
James M Micali director C/O SONOCO PRODUCTS COMPANY, 1 NORTH SECOND STREET, HARTSVILLE SC 29550
Gina Domanig director 8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182
Ryan Pollock director 8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182
Matthew Booth director, officer: Chief Executive Officer 8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182
Suzie Doran director 8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182