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LL Flooring Holdings's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($7.72 Mil) to Sep. 2023 ($9.97 Mil) but then stayed the same from Sep. 2023 ($9.97 Mil) to Dec. 2023 ($8.77 Mil).
LL Flooring Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($85.19 Mil) to Dec. 2022 ($10.80 Mil) and declined from Dec. 2022 ($10.80 Mil) to Dec. 2023 ($8.77 Mil).
The historical data trend for LL Flooring Holdings's Cash, Cash Equivalents, Marketable Securities 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.
LL Flooring Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 8.99 | 169.94 | 85.19 | 10.80 | 8.77 |
LL Flooring Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 10.80 | 6.98 | 7.72 | 9.97 | 8.77 |
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.
Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.
LL Flooring Holdings (NYSE:LL) Cash, Cash Equivalents, Marketable Securities Explanation
Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.
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.
Thank you for viewing the detailed overview of LL Flooring Holdings's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert L Madore | officer: EVP and CFO | C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022 |
F Terrence Blanchard | officer: Interim CFO | C/O LAWSON PRODUCTS, INC., 1666 EAST TOUHY AVENUE, DES PLAINES IL 60018 |
Kristian B Lesher | officer: SVP and CTO | 4901 BAKERS MILL LANE, RICHMOND VA 23230 |
Chasity D Grosh | other: Chief Accounting Officer | 4901 BAKERS MILL LANE, RICHMOND VA 23230 |
Michael E Dauberman | officer: EVP, CGO | 4901 BAKERS MILL LANE, RICHMOND VA 23230 |
Clark Douglas S Jr | officer: SVP Merch & Supply Chain | 4901 BAKERS MILL LANE, RICHMOND VA 23230 |
Douglas T Moore | director | 9950 MAYLAND DR, RICHMOND VA 23233 |
Joseph M Nowicki | director | C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170 |
Charles E Tyson | director, officer: President & CEO | LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230 |
Ashish Parmar | director | 4901 BAKERS MILL LANE, RICHMOND VA 23230 |
Nancy M Taylor | director | TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219 |
Famous P Rhodes | director | 4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431 |
Jimmie L Wade | director | C/O ADVANCE AUTO PARTS, 5673 AIRPORT RD, ROANOKE VA 24012 |
Matt T Argano | officer: Chief Human Resources Officer | LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230 |
Terri F Graham | director | C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123 |
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