Burnham Holdings (Burnham Holdings) Cash And Cash Equivalents : $6.6 Mil (As of Sep. 2023)

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What is Burnham Holdings Cash And Cash Equivalents?

Burnham Holdings's quarterly cash and cash equivalents declined from Dec. 2022 ($6.99 Mil) to Mar. 2023 ($6.38 Mil) but then increased from Mar. 2023 ($6.38 Mil) to Sep. 2023 ($6.64 Mil).

Burnham Holdings's annual cash and cash equivalents declined from Dec. 2020 ($5.76 Mil) to Dec. 2021 ($5.65 Mil) but then increased from Dec. 2021 ($5.65 Mil) to Dec. 2022 ($6.99 Mil).

Burnham Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Burnham Holdings'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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Burnham Holdings Cash And Cash Equivalents Chart

Burnham Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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8.40

5.75

5.76

5.65

6.99

Burnham Holdings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															5.86	6.15	6.99	6.38	6.64

Burnham Holdings 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.

Burnham Holdings (OTCPK:BURCA) 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.

Burnham Holdings Cash And Cash Equivalents Related Terms

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Burnham Holdings (Burnham Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Burnham Holdings Inc (OTCPK:BURCA) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

BURCP.PFD:USA

Address

1241 Harrisburg Pike, P.O. Box 3245, Lancaster, PA, USA, 17603

Website

https://www.burnhamholdings.com

Burnham Holdings Inc provides thermal and interior comfort solutions used in a range of residential, commercial, and industrial applications to the heating, ventilating and air conditioning industry. Its subsidiaries design, manufacture and sale of boilers and related heating ventilating and air conditioning products and accessories. The firm sells and markets its products under brand names such as Alpine, K2, Phantom and Raptor, and others. Its products include boilers, boiler room accessories, advanced control systems, furnaces, radiators, air conditioning systems etc. The firm derives majority of its revenues from sales in the United States.