Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Cash And Cash Equivalents

: $169 Mil (As of Dec. 2023)

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Knight-Swift Transportation Holdings's quarterly cash and cash equivalents declined from Jun. 2023 ($228.96 Mil) to Sep. 2023 ($193.37 Mil) but then stayed the same from Sep. 2023 ($193.37 Mil) to Dec. 2023 ($168.55 Mil).

Knight-Swift Transportation Holdings's annual cash and cash equivalents declined from Dec. 2021 ($261.00 Mil) to Dec. 2022 ($196.77 Mil) and declined from Dec. 2022 ($196.77 Mil) to Dec. 2023 ($168.55 Mil).

Knight-Swift Transportation Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Knight-Swift Transportation Holdings'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.

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Knight-Swift Transportation Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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159.72

156.70

261.00

196.77

168.55

Knight-Swift Transportation Holdings 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															196.77	191.25	228.96	193.37	168.55

Knight-Swift Transportation Holdings 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.

Knight-Swift Transportation Holdings (NYSE:KNX) 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.

Knight-Swift Transportation Holdings Cash And Cash Equivalents Related Terms

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Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Knight-Swift Transportation Holdings Inc (NYSE:KNX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

KSX:Germany

Address

2002 West Wahalla Lane, Phoenix, AZ, USA, 85027

Website

https://www.knight-swift.com

Knight-Swift is the largest truckload, or TL, carrier in the U.S., with a diversified transportation offering. Pro forma for the U.S. Xpress deal, 74% of revenue derives from Knight's asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 63% and LTL at 11%. Truck brokerage and other asset-light logistics services make up 14% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue (6%) reflects services offered to shippers and third-party truckers including insurance, equipment maintenance, and equipment leasing.

Executives

Timothy Sean Harrington	officer: Exec. Vice Pres. Sales	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
James L Fitzsimmons	officer: Exec. Vice Pres. Operations	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Cary M Flanagan	officer: Controller	SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Amy Boerger	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Kevin P Knight	director, officer: Executive Chairman	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Joshua Smith	officer: CFO, US Xpress Inc.	2002 W WAHALLA LANE, PHOENIX AZ 85027
Dustin Ohlman	officer: VP Intermodal	2200 S 75TH AVE, PHOENIX AZ 85043
Reed Stultz	officer: SR VP Logistics	2002 W WAHALLA LANE, PHOENIX AZ 85027
Michael K Liu	officer: Exec VP of Ops, Knight Trans	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Kathryn L Munro	director	200 N WASHINGTON SQUARE, LANSING MI 48933
Jessica Powell	director	2002 W WAHALLA, PHOENIX AZ 85027
Updike James E. Jr.	officer: EVP Sales & Mkt, Knight Trans.	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Louis Hobson	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Gary J Knight	director, officer: Vice Chairman	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Reid Dove	director	20002 NORTH 19TH AVENUE, PHOENIX AZ 85027