Kontoor Brands (Kontoor Brands) Cash And Cash Equivalents : $215 Mil (As of Dec. 2023)

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What is Kontoor Brands Cash And Cash Equivalents?

Kontoor Brands's quarterly cash and cash equivalents declined from Jun. 2023 ($82.42 Mil) to Sep. 2023 ($77.83 Mil) but then increased from Sep. 2023 ($77.83 Mil) to Dec. 2023 ($215.05 Mil).

Kontoor Brands's annual cash and cash equivalents declined from Dec. 2021 ($185.32 Mil) to Dec. 2022 ($59.18 Mil) but then increased from Dec. 2022 ($59.18 Mil) to Dec. 2023 ($215.05 Mil).

Kontoor Brands Cash And Cash Equivalents Historical Data

The historical data trend for Kontoor Brands'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.

Kontoor Brands Cash And Cash Equivalents Chart

Kontoor Brands Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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106.81

248.14

185.32

59.18

215.05

Kontoor Brands 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															59.18	52.68	82.42	77.83	215.05

Kontoor Brands 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.

Kontoor Brands (NYSE:KTB) 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.

Kontoor Brands Cash And Cash Equivalents Related Terms

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Kontoor Brands (Kontoor Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kontoor Brands Inc (NYSE:KTB) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

3KO:Germany 3KO:Germany

Address

400 N. Elm Street, Greensboro, NC, USA, 27401

Website

https://www.kontoorbrands.com

Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick and mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.

Executives

Susan Denise Sumner	officer: VP & CAO	400 N. ELM STREET, GREENSBORO NC 27401
Joseph A Alkire	officer: EVP & Chief Financial Officer	C/O KONTOOR BRANDS, INC., 400 N. ELM STREET, GREENSBORO NC 27401
Thomas E. Waldron	officer: VP & GB President - Wrangler	400 NORTH ELM STREET, GREENSBORO NC 27401
Andrew E Page	director	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Doerr Thomas L Jr	officer: EVP, GC, & Corp. Sec.	ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Ashley Goldsmith	director	400 N. ELM STREET, GREENSBORO NC 27401
Scott H Baxter	director, officer: President & CEO	400 NORTH ELM STREET, GREENSBORO NC 27401
Laurel Krueger	officer: VP, GC & Corporate Secretary	ONE EXPRESS DRIVE, COLUMBUS OH 43230
Mark L. Schiller	director	C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Robert Lynch	director	P. O. BOX 99900, LOUISVILLE KY 40269
Richard Carucci	director	1441 GARDINER LANE, LOUISVILLE KY 47113
Juliana L Chugg	director	1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Rich Williams	director	600 W. CHICAGO AVENUE SUITE 400, CHICAGO IL 60654
Rustin Welton	officer: VP & CFO	400 NORTH ELM STREET, GREENSBORO NC 27401
Christopher Waldeck	officer: VP & GB President - Lee	400 NORTH ELM STREET, GREENSBORO NC 27401