Ituran Location and Control (Ituran Location and Control) Cash And Cash Equivalents

: $53.4 Mil (As of Dec. 2023)

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Ituran Location and Control's quarterly cash and cash equivalents increased from Jun. 2023 ($34.21 Mil) to Sep. 2023 ($39.88 Mil) and increased from Sep. 2023 ($39.88 Mil) to Dec. 2023 ($53.43 Mil).

Ituran Location and Control's annual cash and cash equivalents declined from Dec. 2021 ($50.31 Mil) to Dec. 2022 ($27.85 Mil) but then increased from Dec. 2022 ($27.85 Mil) to Dec. 2023 ($53.43 Mil).

Ituran Location and Control Cash And Cash Equivalents Historical Data

The historical data trend for Ituran Location and Control's Cash And Cash Equivalents 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.

Ituran Location and Control Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

53.96

72.18

50.31

27.85

53.43

Ituran Location and Control Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																27.85	33.28	34.21	39.88	53.43

Ituran Location and Control Cash And Cash Equivalents 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.

Ituran Location and Control (NAS:ITRN) Cash And Cash Equivalents Explanation

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.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Ituran Location and Control Cash And Cash Equivalents Related Terms

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Ituran Location and Control (Ituran Location and Control) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ituran Location and Control Ltd (NAS:ITRN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hashikma Street, Azour, ISR, 5800182

Website

https://www.ituran.com

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments, namely Telematics services, and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium-range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification. Its geographical segments include Israel, Brazil, and Others.