PACS Group (PACS Group) Cash, Cash Equivalents, Marketable Securities : $81.2 Mil (As of Mar. 2024)

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What is PACS Group Cash, Cash Equivalents, Marketable Securities?

PACS Group's quarterly cash, cash equivalents, marketable securities increased from Mar. 2023 ($0.00 Mil) to Dec. 2023 ($73.42 Mil) and increased from Dec. 2023 ($73.42 Mil) to Mar. 2024 ($81.21 Mil).

PACS Group's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($58.27 Mil) and increased from Dec. 2022 ($58.27 Mil) to Dec. 2023 ($73.42 Mil).

PACS Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for PACS 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.

* Premium members only.

PACS Group Cash, Cash Equivalents, Marketable Securities Chart

PACS Group Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

58.27

73.42

PACS Group Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	-	58.27	-	73.42	81.21

PACS 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.

PACS Group (NYSE:PACS) 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.

PACS Group Cash, Cash Equivalents, Marketable Securities Related Terms

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PACS Group (PACS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 N. University Avenue, Farmington, UT, USA, 84025

Website

https://www.pacs.com

PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

PACS Group (PACS Group) Headlines

From GuruFocus

PACS Group, Inc. Announces Pricing of Its Upsized Initial Public Offering

By Business Wire • 04-11-2024