Luby's (Luby's) Cash And Cash Equivalents : $14.39 Mil (As of Aug. 2021)

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What is Luby's Cash And Cash Equivalents?

Luby's's quarterly cash and cash equivalents increased from Feb. 2021 ($7.83 Mil) to May. 2021 ($13.59 Mil) and increased from May. 2021 ($13.59 Mil) to Aug. 2021 ($14.39 Mil).

Luby's's annual cash and cash equivalents increased from Aug. 2019 ($3.64 Mil) to Aug. 2020 ($15.07 Mil) but then declined from Aug. 2020 ($15.07 Mil) to Aug. 2021 ($14.39 Mil).

Luby's Cash And Cash Equivalents Historical Data

The historical data trend for Luby's'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.

Luby's Cash And Cash Equivalents Chart

Luby's Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Cash And Cash Equivalents

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1.10

3.72

3.64

15.07

14.39

Luby's Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Cash And Cash Equivalents	Get a 7-Day Free Trial															15.07	14.31	7.83	13.59	14.39

Luby's 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.

Luby's (NYSE:LUB) 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.

Luby's Cash And Cash Equivalents Related Terms

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Luby's (Luby's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Luby's Inc (NYSE:LUB) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

13111 Northwest Freeway, Suite 600, Houston, TX, USA, 77040

Website

http://www.lubysinc.com

Luby's Inc is a multi-branded company that owns and operates restaurants in the United States. Its operating segments are Company-owned restaurants, which generate majority revenue; franchise operations; and Culinary Contract Services. The company-owned restaurant's segment consists of brands including Luby's Cafeteria, Fuddruckers, and Cheeseburger in Paradise with a couple of non-core restaurant locations under other brand names. It only offers franchises for the Fuddruckers brand. Franchises are sold in markets where expansion is deemed advantageous to the development of the Fuddruckers concept and system of restaurants. The CCS operation, branded as Luby's Culinary Contract Services, consists of a business line servicing healthcare and corporate dining clients.

Executives

Steven Goodweather	officer: Chief Financial Officer	13111 NORTHWEST FREEWAY SUITE 600 HOUSTON TX 77040
Philip Rider	officer: Chief Acct Officer &Controller	13111 NORTHWEST FREEWAY SUITE 600 HOUSTON TX 77040
Randolph C Read	director	C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022
John B Morlock	director	C/O POTBELLY CORPORATION, 111 NORTH CANAL, SUITE 850, CHICAGO IL 60606
Twila Day	director	12344 WHITE OAK PT CONROE TX 77304
Benjamin T Coutee	officer: Chief Operating Officer	13111 NORTHWEST FREEWAY SUITE 600 HOUSTON TX 77040
Christopher James Pappas	director, 10 percent owner, officer: President and Chief Executive
Harris J Pappas	director, 10 percent owner, officer: Chief Operating Officer	C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011
Gasper Iii Mir	director
K Scott Gray	officer: SVP & Chief Financial Officer	13111 NORTHWEST FREEWAY, SUITE 600 HOUSTON TX 77040
Frank Markantonis	director	P.O. BOX 33069 SAN ANTONIO TX 78265
Gerald W Bodzy	director
Arthur R Emerson	director
Judith B Craven	director	COMPAQ COMPUTER CORPORATION, PO BOX 692000, MC 110701, HOUSTON TX 77269-2000
Bandera Partners Llc	10 percent owner	50 BROAD STREET, SUITE 1820, NEW YORK NY 10004