What is StepStone Group Cash, Cash Equivalents, Marketable Securities?
StepStone Group‘s quarterly cash, cash equivalents, marketable securities
increased
from Dec. 2023 ($173.56 Mil) to Mar. 2024 ($181.59 Mil) and
increased
from Mar. 2024 ($181.59 Mil) to Jun. 2024 ($195.44 Mil).
StepStone Group‘s annual cash, cash equivalents, marketable securities
increased
from Mar. 2022 ($116.39 Mil) to Mar. 2023 ($128.56 Mil) and
increased
from Mar. 2023 ($128.56 Mil) to Mar. 2024 ($181.59 Mil).
StepStone 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.
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.
StepStone Group Cash, Cash Equivalents, Marketable Securities Related Terms
Thank you for viewing the detailed overview of StepStone Group’s Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
StepStone Group Business Description
Traded in Other Exchanges
N/A
Address
450 Lexington Avenue, 31st Floor, New York, NY, USA, 10017
StepStone Group Inc is a private market investment firm. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The Company consists of a single operating segment and single reportable segment for accounting and financial reporting purposes.
Executives
| James Lim | 10 percent owner | 100 PAINTERS MILL ROAD, SUITE 700, OWINGS MILLS MD 21117 |
| David Y Park | officer: Chief Accounting Officer | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| Jason P Ment | officer: See Remarks | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| Michael I Mccabe | officer: Head of Strategy | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| Thomas Keck | director, other: See Remarks | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| Argonaut Private Equity, L.l.c. | 10 percent owner | 6733 S. YALE AVE., TULSA OK 74136 |
| Monte M Brem | director, officer: See Remarks | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| Johnny D Randel | officer: Chief Financial Officer | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| Scott W Hart | officer: Co-Chief Executive Officer | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| Robert Waldo | director, 10 percent owner | 6733 S. YALE AVE., TULSA, OK 74136 |
| Steven R Mitchell | director, 10 percent owner | C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532 |
| Valerie Gay Brown | director | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| Jose A Fernandez | officer: Co-Chief Operating Officer | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| Mark Maruszewski | director, other: See Remarks | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
| David Jeffrey | other: See Remarks | 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017 |
