LMI Aerospace's quarterly cash and cash equivalents
increased
from Sep. 2016 ($1.80 Mil) to Dec. 2016 ($2.49 Mil) but then
stayed the same
from Dec. 2016 ($2.49 Mil) to Mar. 2017 ($0.72 Mil).
LMI Aerospace's annual cash and cash equivalents
increased
from Dec. 2014 ($7.93 Mil) to Dec. 2015 ($10.50 Mil) but then
declined
from Dec. 2015 ($10.50 Mil) to Dec. 2016 ($2.49 Mil).
LMI Aerospace Cash And Cash Equivalents Historical Data
The historical data trend for LMI Aerospace'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.
LMI Aerospace 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.
LMI Aerospace (NAS:LMIA) 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.
LMI Aerospace Cash And Cash Equivalents Related Terms
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LMI Aerospace (LMI Aerospace) Business Description
LMI Aerospace Inc was founded in 1948. The Company is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company provides a array of manufacturing capabilities, as well as engineering and value-added services to the large commercial, corporate and regional, and military aircraft markets. It also provide prototyping, testing and design capabilities to customers in support of new product development and in-service aircraft. LMI Aerospace is a preferred supplier to aircraft original equipment manufacturers (OEMs) and Tier 1 aerospace suppliers. In addition to aerospace products, the Company produces components and assemblies for laser equipment used by semiconductor equipment manufacturers, electronic and electrical wire harnesses, cable assemblies, and mechanical sub-assemblies for the air and rail traffic control, medical equipment, telecommunications, and heavy equipment industries. The Company operates in two business segments consisting of: Aerostructures segment and Engineering Services segment. Its Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries. The Company also offers its customers value-added services related to the design, production, assembly and distribution of aerospace components and deliver kits of products directly to customer points of use. Its Engineering Services segment provides a complete range of design, engineering and program management services, supporting aircraft product lifecycles from conceptual design, analysis and certification through production support, fleet support, and service life extensions via a complete turnkey engineering solution to OEMs and Tier 1 aerospace suppliers. Its competitors in the aerospace industry consist of a large, fragmented group of companies, including certain business units or affiliates of its customers. The Companys operations are subject to extensive and frequently changing federal, state and local laws and substantial regulation by government agencies.
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