What is Service Properties Trust Cash, Cash Equivalents, Marketable Securities?
Service Properties Trust's quarterly cash, cash equivalents, marketable securities
declined
from Sep. 2023 ($418.16 Mil) to Dec. 2023 ($180.12 Mil) but then
stayed the same
from Dec. 2023 ($180.12 Mil) to Mar. 2024 ($71.29 Mil).
Service Properties Trust's annual cash, cash equivalents, marketable securities
declined
from Dec. 2021 ($944.04 Mil) to Dec. 2022 ($38.37 Mil) but then
increased
from Dec. 2022 ($38.37 Mil) to Dec. 2023 ($180.12 Mil).
Service Properties Trust Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Service Properties Trust'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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Service Properties Trust Cash, Cash Equivalents, Marketable Securities Chart
Service Properties Trust 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.
Service Properties Trust (NAS:SVC) 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.
Service Properties Trust Cash, Cash Equivalents, Marketable Securities Related Terms
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Service Properties Trust (Service Properties Trust) Business Description
Service Properties Trust is a real estate investment trust that owns hotel properties. These properties are located primarily in the United States, along with Canada and Puerto Rico. The company operates through its hotel investment unit and net lease investments. The firm derives the majority of its revenue from the hotel real estate investments unit. The hotels are distinguished between their service levels, which include full service, select service, and extended stay; and chain scale, which includes luxury, upper upscale, upscale, upper midscale, and midscale. Most hotels are extended stay or upscale. Some of the major hotel brands include Courtyard by Marriott, Royal Sonesta, Crowne Plaza Hotels & Resorts, and Hyatt Place.
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