Meredith (Meredith) Cash, Cash Equivalents, Marketable Securities : $269 Mil (As of Sep. 2021)

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What is Meredith Cash, Cash Equivalents, Marketable Securities?

Meredith's quarterly cash, cash equivalents, marketable securities increased from Mar. 2021 ($230.70 Mil) to Jun. 2021 ($240.20 Mil) and increased from Jun. 2021 ($240.20 Mil) to Sep. 2021 ($269.00 Mil).

Meredith's annual cash, cash equivalents, marketable securities increased from Jun. 2019 ($45.00 Mil) to Jun. 2020 ($132.40 Mil) and increased from Jun. 2020 ($132.40 Mil) to Jun. 2021 ($240.20 Mil).

Meredith Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Meredith'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.

Meredith Cash, Cash Equivalents, Marketable Securities Chart

Meredith Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Cash, Cash Equivalents, Marketable Securities

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22.30

437.60

45.00

132.40

240.20

Meredith Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															201.00	379.10	230.70	240.20	269.00

Meredith 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.

Meredith (NYSE:MDP) 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.

Meredith Cash, Cash Equivalents, Marketable Securities Related Terms

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Meredith (Meredith) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Meredith Corp (NYSE:MDP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

1716 Locust Street, Des Moines, IA, USA, 50309-3023

Website

https://www.meredith.com

Meredith Corp is an American media company that focuses on publications and marketing services around the home, family, food, and lifestyle markets. The company operates two divisions: national media and local media. The national media segment publishes magazines such as Every Day with Rachael Ray, Better Homes and Gardens, Family Fun, and Parents; this segment is the source of the majority of Meredith's revenue. The local media segment owns over 15 television stations around the United States. In 2014, the company announced a 10-year licensing agreement with Martha Stewart Omnimedia to acquire the rights to Martha Stewart Living, Martha Stewart Weddings, and marthastewart.com.

Executives

John S Zieser	officer: Chief Development Officer	1716 LOCUST STREET, LS 101-A; ATTN TERESA T. RINKER, DES MOINES IA 50309-3023
Steven M Cappaert	officer: Corporate Controller
Thomas H Harty	director, officer: President and CEO	MEREDITH CORPORATION 1716 LOCUST ST., MAIL STOP LS101-A DES MOINES IA 50309
Patrick Mccreery	officer: President-Local Media Group	C/O MEREDITH CORP 1716 LOCUST STREET DES MOINES IA 50309
Jason M. Frierott	officer: Chief Financial Officer	C/O TRANSPORTATION SYSTEMS HOLDINGS INC. 901 MAIN AVENUE NORWALK CT 06851
Gregory Coleman	director	C/O MEREDITH CORP., 1716 LOCUST STREET, DES MOINES IA 50309
Donald C Berg	director	PO BOX 1080, LOUISVILLE KY 40201
Stephen M Lacy	director	1716 LOCUST STREET, LS 101-A; ATTN TERESA T. RINKER, DES MOINES IA 50309-3023
Beth J Kaplan	director	1716 LOCUST STREET, DES MOINES IA 50309
Joseph H Ceryanec	officer: Chief Financial Officer	PO BOX 3177 CEDAR RAPIDS IA 52406-3177
Meredith Edwin T Iv	10 percent owner
Elizabeth E Tallett	director	6705 ROCKLEDGE DR, SUITE 900, BETHESDA MD 20817
Iii Chris Roberts	director	1716 LOCUST ST. LS-175, 7TH FLOOR, DES MOINES IA 50309
Paula Kerger	director	C/O MEREDITH CORP 1716 LOCUST STREET DES MOINES IA 50309
Donald A Baer	director	1716 LOCUST STREET DES MOINES IA 50309