Greenhill (Greenhill) Cash, Cash Equivalents, Marketable Securities : $54.6 Mil (As of Sep. 2023)

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What is Greenhill Cash, Cash Equivalents, Marketable Securities?

Greenhill's quarterly cash, cash equivalents, marketable securities declined from Mar. 2023 ($53.09 Mil) to Jun. 2023 ($41.99 Mil) but then increased from Jun. 2023 ($41.99 Mil) to Sep. 2023 ($54.64 Mil).

Greenhill's annual cash, cash equivalents, marketable securities increased from Dec. 2020 ($105.53 Mil) to Dec. 2021 ($127.70 Mil) but then declined from Dec. 2021 ($127.70 Mil) to Dec. 2022 ($97.40 Mil).

Greenhill Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Greenhill'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.

Greenhill Cash, Cash Equivalents, Marketable Securities Chart

Greenhill Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

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152.59

104.21

105.53

127.70

97.40

Greenhill Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															57.50	97.40	53.09	41.99	54.64

Greenhill 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.

Greenhill (NYSE:GHL) 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.

Greenhill Cash, Cash Equivalents, Marketable Securities Related Terms

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Greenhill (Greenhill) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Greenhill & Co Inc (NYSE:GHL) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

1271 Avenue of the Americas, New York, NY, USA, 10020

Website

https://www.greenhill.com

Greenhill & Co Inc is an independent investment bank that provides financial and strategic advice on significant domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising, and other transactions to a diverse client base, including corporations, partnerships, institutions, and governments globally. The company derives revenues from both corporate advisory services related to mergers and acquisitions, financings and restructurings and capital advisory services related to sales or capital raises pertaining to alternative assets.

Executives

Mark Lasky	officer: Chief Financial Officer	C/O GREENHILL & CO., INC., 1271 AVENUE OF THE AMERICAS, 21ST FLOOR, NEW YORK NY 10020
Rodriguez Harold J Jr	officer: Mg Dir-Fin, Regn. & Ops.
Scott L Bok	director, officer: Chief Executive Officer
Kevin Ferro	director	C/O KOS PHARMACEUTICALS, INC., 1001 BRICKELL BAY DRIVE, 25TH FLOOR, MIAMI FL 33131
David Wyles	officer: Managing Director	GREENHILL & CO. INC., 300 PARK AVENUE, NEW YORK NY 10022-7405
Kevin M Costantino	officer: President	GREENHILL & CO., 300 PARK AVENUE, NEW YORK NY 10022
Gitanjali Pinto Faleiro	officer: General Counsel	C/O GREENHILL & CO., INC., 300 PARK AVENUE, NEW YORK NY 10022
Meryl D Hartzband	director	C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901
Robert F Greenhill	director, officer: Chairman and CEO
Patricia Moran	officer: Chief Legal Officer	GREENHILL & CO., 300 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022
Karen P Robards	director	800 SCUDDERS MILL RD, PLAINSBORO NJ 08536
Gavin Dean Solotar	officer: General Counsel	GREENHILL & CO., 300 PARK AVENUE, NEW YORK NY 10022
Christopher Thomas Grubb	officer: Chief Financial Officer	300 PARK AVENUE, 23RD FLOOR, NEW YORK NY 10022
John C Danforth	director	CERNER CORP, 2800 ROCKCREEK PARKWAY, KANSAS CITY MO 64117-2551
Ulrika Ekman	officer: General Counsel	GREENHILL & CO., INC., 300 PARK AVENUE, NEW YORK NY 10022