Interface (Interface) Cash And Cash Equivalents : $110 Mil (As of Dec. 2023)

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What is Interface Cash And Cash Equivalents?

Interface's quarterly cash and cash equivalents increased from Jun. 2023 ($92.94 Mil) to Sep. 2023 ($119.63 Mil) but then stayed the same from Sep. 2023 ($119.63 Mil) to Dec. 2023 ($110.50 Mil).

Interface's annual cash and cash equivalents increased from Dec. 2021 ($97.25 Mil) to Dec. 2022 ($97.56 Mil) and increased from Dec. 2022 ($97.56 Mil) to Dec. 2023 ($110.50 Mil).

Interface Cash And Cash Equivalents Historical Data

The historical data trend for Interface'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.

Interface Cash And Cash Equivalents Chart

Interface Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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81.30

103.05

97.25

97.56

110.50

Interface 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	Get a 7-Day Free Trial															97.56	101.27	92.94	119.63	110.50

Interface 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.

Interface (NAS:TILE) 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.

Interface Cash And Cash Equivalents Related Terms

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Interface (Interface) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Interface Inc (NAS:TILE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

IF6N:Germany IF6N:Germany

Address

1280 West Peachtree Street, Atlanta, GA, USA, 30309

Website

https://www.interface.com

Interface Inc is engaged in the designing, production, and sale of carpet tile. It also provides Luxury Vinyl tiles and rubber flooring. The company mainly targets corporate and noncorporate office markets, including government, education, healthcare, hospitality, and retailers. Its geographical segments include the Americas, Europe, and Asia-Pacific.

Executives

Stansfield Nigel	officer: VP & Chief Innovation Officer	2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
Robert T O'brien	director	1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Laurel Hurd	officer: President & CEO	C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
James Poppens	officer: Vice President	1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Robert Pridgen	officer: Chief Accounting Officer	1280 WEST PEACHTREE STREET NW, ATLANTA GA 30309
Christopher G Kennedy	director	C/O INTERFACE INC, 2859 PACES FERRY ROAD SUITE 2000, ATLANTA GA 30339
Gibson Dwight Audley Konrad	director	C/O SPX FLOW, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Joseph Keough	director	3715 NORTHSIDE PKWY NW, SUITE 4-600, ATLANTA GA 30327
Andreas Mueller	officer: VP & Chief Customer Officer	1280 WEST PEACHTREE ST. NW, ATLANTA GA 30309
Catherine M Kilbane	director
Daniel T Hendrix	director, officer: President and CEO	2859 PACES ROAD, ATLANTA GA 30339
Gregory J Bauer	officer: VP & Chief Accounting Officer	2859 PACES FERRY RD., STE 2000, ATLANTA GA 30339
Robert Coombs	officer: Vice President	2850 PACES FERRY RD, STE 2000, ATLANTA GA 30339
Jeffrey Chadwick Scales	officer: VP & Chief Innovation Officer	2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339
Bruce Andrew Hausmann	officer: VP & CFO	2859 PACES FERRY ROAD, SUITE 2000, ATLANTA GA 30339