Extra Space Storage (BSP:E1XR34) Cash And Cash Equivalents : R$253 Mil (As of Mar. 2024)

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What is Extra Space Storage Cash And Cash Equivalents?

Extra Space Storage's quarterly cash and cash equivalents declined from Sep. 2023 (R$1,067.36 Mil) to Dec. 2023 (R$485.38 Mil) but then stayed the same from Dec. 2023 (R$485.38 Mil) to Mar. 2024 (R$253.05 Mil).

Extra Space Storage's annual cash and cash equivalents increased from Dec. 2021 (R$402.21 Mil) to Dec. 2022 (R$487.13 Mil) but then declined from Dec. 2022 (R$487.13 Mil) to Dec. 2023 (R$485.38 Mil).

Extra Space Storage Cash And Cash Equivalents Historical Data

The historical data trend for Extra Space Storage'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.

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Extra Space Storage Cash And Cash Equivalents Chart

Extra Space Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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269.85

561.41

402.21

487.13

485.38

Extra Space Storage 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															249.76	245.81	1,067.36	485.38	253.05

Extra Space Storage 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.

Extra Space Storage (BSP:E1XR34) 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.

Extra Space Storage Cash And Cash Equivalents Related Terms

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Extra Space Storage (BSP:E1XR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (BSP:E1XR34) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

EXR:USA FG8:Germany FG8:Germany

Address

2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121

Website

http://www.extraspace.com

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,400 self-storage properties in 41 states, with over 180 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

Extra Space Storage (BSP:E1XR34) Headlines

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