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LoJack's quarterly cash and cash equivalents increased from Jun. 2015 ($13.22 Mil) to Sep. 2015 ($18.68 Mil) and increased from Sep. 2015 ($18.68 Mil) to Dec. 2015 ($21.63 Mil).
LoJack's annual cash and cash equivalents declined from Dec. 2013 ($31.98 Mil) to Dec. 2014 ($17.59 Mil) but then increased from Dec. 2014 ($17.59 Mil) to Dec. 2015 ($21.63 Mil).
The historical data trend for LoJack'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.
LoJack Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 49.65 | 48.59 | 31.98 | 17.59 | 21.63 |
LoJack Quarterly Data | ||||||||||||||||||||
Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 17.59 | 13.48 | 13.22 | 18.68 | 21.63 |
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.
LoJack (NAS:LOJN) 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.
Thank you for viewing the detailed overview of LoJack's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Kenneth L Dumas | officer: SVP, CFO & Treasurer | 26 SUMMER STREET, BRIDGEWATER MA 02324 |
Alan Lee Bazaar | director | 9 BEDFORD ROAD, KATONAH NY 10536 |
Phil Horlock | director | C/O LOJACK CORPORATION, 40 PEQUOT WAY, CANTON MA 02021 |
Rory J Cowan | director | C/O LIONBRIDGE TECHNOLOGIES INC, 950 WINTER STREET SUITE 2410, WALTHAM MA 02451 |
Randy L. Ortiz | director, officer: President and CEO | C/O TELENAV, INC. 4655 GREAT AMERICA PARKWAY, SUITE 300 SANTA CLARA CA 95054 |
John A. Janitz | director | 6644 CORNERSTONE LANE, ROCHESTER HILLS MI 48306 |
Robert J Murray | director | C/O NEW ENGLAND BUSINESS SERVICE INC, 500 MAIN STREET, GROTON MA 01471 |
Robert L Rewey | director | 401 LONE PINE COURT, BLOOMFIELD HILLS MI 48304 |
Richard T Riley | director | C/O NEW ENGLAND BUSINESS SERVICE INC, 500 MAIN ST, GROTON MA 01471 |
Maria Renna Sharpe | director | 11 EDWARDS COURT, MT. KISCO NY 10549 |
Ronald V Waters | director, officer: CEO and President | 75 EAST ELM STREET, CHICAGO IL 60611 |
Keith E Farris | officer: VP (Finance) & CFO | 200 LOWDER BBROOK DR STE 1000, WESTWOOD MA 02090 |
Larry C Renfro | director | 200 BRICKSTONE SQUARE, 5TH FLOOR, ANDOVER MA 01810 |
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