Caravelle International Group (Caravelle International Group) Cash, Cash Equivalents, Marketable Securities : $9.6 Mil (As of Apr. 2023)

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What is Caravelle International Group Cash, Cash Equivalents, Marketable Securities?

Caravelle International Group's quarterly cash, cash equivalents, marketable securities declined from Apr. 2022 ($22.32 Mil) to Oct. 2022 ($21.57 Mil) but then stayed the same from Oct. 2022 ($21.57 Mil) to Apr. 2023 ($9.62 Mil).

Caravelle International Group's annual cash, cash equivalents, marketable securities increased from Oct. 2020 ($8.12 Mil) to Oct. 2021 ($10.35 Mil) and increased from Oct. 2021 ($10.35 Mil) to Oct. 2022 ($21.57 Mil).

Caravelle International Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Caravelle International Group'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.

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Caravelle International Group Cash, Cash Equivalents, Marketable Securities Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Cash, Cash Equivalents, Marketable Securities

8.12

10.35

21.57

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			-	10.35	22.32	21.57	9.62

Caravelle International Group 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.

Caravelle International Group (NAS:CACO) 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.

Caravelle International Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.