The Middleby (LTS:0K1G) Cash And Cash Equivalents : $341 Mil (As of Mar. 2024)

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What is The Middleby Cash And Cash Equivalents?

The Middleby's quarterly cash and cash equivalents increased from Sep. 2023 ($167.19 Mil) to Dec. 2023 ($247.50 Mil) and increased from Dec. 2023 ($247.50 Mil) to Mar. 2024 ($341.02 Mil).

The Middleby's annual cash and cash equivalents declined from Dec. 2021 ($180.36 Mil) to Dec. 2022 ($162.00 Mil) but then increased from Dec. 2022 ($162.00 Mil) to Dec. 2023 ($247.50 Mil).

The Middleby Cash And Cash Equivalents Historical Data

The historical data trend for The Middleby'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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The Middleby Cash And Cash Equivalents Chart

The Middleby Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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94.50

268.10

180.36

162.00

247.50

The Middleby Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															156.52	157.28	167.19	247.50	341.02

The Middleby 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.

The Middleby (LTS:0K1G) 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.

The Middleby Cash And Cash Equivalents Related Terms

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The Middleby (LTS:0K1G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Middleby Corp (LTS:0K1G) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MIDD:USA MBY:Germany

Address

1400 Toastmaster Drive, Elgin, IL, USA, 60120

Website

https://www.middleby.com

The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment primarily used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.

The Middleby (LTS:0K1G) Headlines

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