Lithia Motors (STU:LMO) Cash And Cash Equivalents : €372 Mil (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Lithia Motors Cash And Cash Equivalents?

Lithia Motors's quarterly cash and cash equivalents increased from Sep. 2023 (€240.06 Mil) to Dec. 2023 (€863.26 Mil) but then stayed the same from Dec. 2023 (€863.26 Mil) to Mar. 2024 (€372.23 Mil).

Lithia Motors's annual cash and cash equivalents increased from Dec. 2021 (€154.70 Mil) to Dec. 2022 (€232.89 Mil) and increased from Dec. 2022 (€232.89 Mil) to Dec. 2023 (€863.26 Mil).

Lithia Motors Cash And Cash Equivalents Historical Data

The historical data trend for Lithia Motors'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.

Lithia Motors Cash And Cash Equivalents Chart

Lithia Motors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

75.60

133.58

154.70

232.89

863.26

Lithia Motors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															279.64	184.32	240.06	863.26	372.23

Lithia Motors 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.

Lithia Motors (STU:LMO) 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.

Lithia Motors Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Lithia Motors's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Lithia Motors (STU:LMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lithia Motors Inc (STU:LMO) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

LAD:USA

Address

150 N. Bartlett Street, Medford, OR, USA, 97501

Website

https://www.lithia.com

Lithia Motors is a retailer of new and used vehicles and related services. The company offers over 45 brands of vehicles at about 350 stores globally including 28 U.S. states at year-end 2022 and entered Canada in mid-2021 with the purchase of Pfaff Automotive and bought Jardine and soon Pendragon in the U.K. in 2023. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the U.S. and we expect more deals over time in the U.S. and abroad. Annual revenue in 2022 was $28.2 billion and we see over $50 billion possible in 2025. In 2022, new-car sales were about 46% of total revenue. Lithia was founded in 1946, went public in 1996, and is now the largest U.S. auto dealer. It is based in Medford, Oregon.

Lithia Motors (STU:LMO) Headlines

No Headlines