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Lakeland Industries's quarterly cash and cash equivalents increased from Jul. 2023 ($24.31 Mil) to Oct. 2023 ($26.43 Mil) but then stayed the same from Oct. 2023 ($26.43 Mil) to Jan. 2024 ($25.22 Mil).
Lakeland Industries's annual cash and cash equivalents declined from Jan. 2022 ($52.72 Mil) to Jan. 2023 ($24.64 Mil) but then increased from Jan. 2023 ($24.64 Mil) to Jan. 2024 ($25.22 Mil).
The historical data trend for Lakeland Industries'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.
Lakeland Industries Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 14.61 | 52.60 | 52.72 | 24.64 | 25.22 |
Lakeland Industries Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 24.64 | 26.02 | 24.31 | 26.43 | 25.22 |
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.
Lakeland Industries (NAS:LAKE) 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.
Thank you for viewing the detailed overview of Lakeland Industries's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Joshua J Sletten | officer: VP Corp Development & Strategy | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Melissa Kidd | director | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Herring Ronald N Jr | director | |
Roger D Shannon | officer: Chief Financial Officer | 15415 SHELBYVILLE ROAD, LOUISVILLE KY 40245 |
An Hui | officer: VP of Procurement & Asia Mfg. | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSTVILLE AL 35806 |
Christopher James Ryan | director | 3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779 |
Allen E Dillard | officer: COO & CFO | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Charles D Roberson | director, officer: CEO, President and Secretary | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Steven L Harvey | officer: Exec. VP, Sales and Marketing | 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806 |
Thomas J Mcateer | director | 54 CEDAR POINT DRIVE, WEST ISLIP NY 11795 |
Jeffrey T Schlarbaum | director | 105 NORTON STREET, NEWARK NY 14513 |
Nikki Hamblin | director | 2 RED OAK LANE, PITTSFORD NY 14534 |
Alfred John Kreft | director | 3333 ALLEN PARK WAY, #2004, HOUSTON TX 77019 |
Daniel L. Edwards | officer: Sr. VP Sales for North America | 6794 MEADOW VIEW DRIVE, SUMMERFIELD NC 27358 |
Stephen M Bachelder | director, officer: Chief Operating Officer | 3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779 |
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