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Mister Car Wash's quarterly cash and cash equivalents declined from Sep. 2023 ($62.13 Mil) to Dec. 2023 ($19.05 Mil) but then stayed the same from Dec. 2023 ($19.05 Mil) to Mar. 2024 ($10.70 Mil).
Mister Car Wash's annual cash and cash equivalents increased from Dec. 2021 ($19.74 Mil) to Dec. 2022 ($65.15 Mil) but then declined from Dec. 2022 ($65.15 Mil) to Dec. 2023 ($19.05 Mil).
The historical data trend for Mister Car Wash'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.
Mister Car Wash Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cash And Cash Equivalents | 6.41 | 114.65 | 19.74 | 65.15 | 19.05 |
Mister Car Wash Quarterly Data | ||||||||||||||||||
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 | 69.90 | 136.10 | 62.13 | 19.05 | 10.70 |
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.
Mister Car Wash (NYSE:MCW) 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.
Thank you for viewing the detailed overview of Mister Car Wash's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Duane Matheny | officer: See Remarks | C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705 |
Markus Hartmann | officer: General Counsel | 968 JAMES STREET, SYRACUSE NY 13203 |
John Lo-minn Lai | director, officer: Chief Executive Officer | C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705 |
Myra I. Chimienti | officer: See Remarks | C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705 |
Jedidiah Marc Gold | officer: Chief Financial Officer | C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705 |
Mary Lyn Porter | officer: Chief People Officer | C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705 |
Casey Penn Lindsay | officer: See Remarks | C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705 |
Lisa Bossard Funk | officer: General Counsel | C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705 |
Veronica Rogers | director | C/O MISTER CAR WASH, INC., 222 E 5TH STREET, TUCSON AZ 85705 |
Ronald Kirk | director | TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243 |
Green Equity Investors Vi, L.p. | director, 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
John Kristofer Galashan | director, 10 percent owner | LEONARD, GREEN & PARTNERS, 11111 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025 |
Lgp Associates Vi-a Llc | director, 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
Susan E Docherty | director | THE BRINK'S COMPANY, 1801 BAYBERRY COURT, 4TH FLOOR, RICHMOND VA 23226 |
Lgp Associates Vi-b Llc | director, 10 percent owner | 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025 |
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