Lancaster Colony (FRA:LC1) Cash And Cash Equivalents : €152 Mil (As of Jun. 2024)

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What is Lancaster Colony Cash And Cash Equivalents?

Lancaster Colony's quarterly cash and cash equivalents increased from Dec. 2023 (€122.74 Mil) to Mar. 2024 (€151.58 Mil) and increased from Mar. 2024 (€151.58 Mil) to Jun. 2024 (€151.84 Mil).

Lancaster Colony's annual cash and cash equivalents increased from Jun. 2022 (€57.03 Mil) to Jun. 2023 (€81.66 Mil) and increased from Jun. 2023 (€81.66 Mil) to Jun. 2024 (€151.84 Mil).

Lancaster Colony Cash And Cash Equivalents Historical Data

The historical data trend for Lancaster Colony'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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Lancaster Colony Cash And Cash Equivalents Chart

Lancaster Colony Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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176.07

156.09

57.03

81.66

151.84

Lancaster Colony Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															81.66	69.10	122.74	151.58	151.84

Lancaster Colony 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.

Lancaster Colony (FRA:LC1) 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.

Lancaster Colony Cash And Cash Equivalents Related Terms

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Lancaster Colony Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lancaster Colony Corp (FRA:LC1) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

LANC:USA LC1:Germany

Address

380 Polaris Parkway, Suite 400, Westerville, OH, USA, 43082

Website

http://www.lancastercolony.com

Lancaster Colony Corp is a manufacturer and marketer of speciality food products. The company's segments include Retail and Foodservice. By product segment, the company divides its portfolio into non frozen (roughly 70% of net sales) and frozen food. The key products and brands are salad dressing and sauces (Cardini's, Girard's, Marzetti), frozen garlic breads (New York Brand Bakery, Mamma Bella), vegetable dips and fruit dips (Marzetti), frozen parkerhouse-style yeast rolls and dinner rolls (Sister Schubert's, Mary B's), premium dry egg noodles (Amish Kitchen), frozen speciality noodles (Reames, Aunt Vi's), croutons and salad toppings, flatbread wraps, and pizza crusts.

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