Planet Fitness (LTS:0KJD) Cash And Cash Equivalents : $299 Mil (As of Sep. 2024)

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What is Planet Fitness Cash And Cash Equivalents?

Planet Fitness's quarterly cash and cash equivalents declined from Mar. 2024 ($301.71 Mil) to Jun. 2024 ($246.96 Mil) but then increased from Jun. 2024 ($246.96 Mil) to Sep. 2024 ($298.78 Mil).

Planet Fitness's annual cash and cash equivalents declined from Dec. 2021 ($545.91 Mil) to Dec. 2022 ($409.84 Mil) and declined from Dec. 2022 ($409.84 Mil) to Dec. 2023 ($275.84 Mil).

Planet Fitness Cash And Cash Equivalents Historical Data

The historical data trend for Planet Fitness'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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Planet Fitness Cash And Cash Equivalents Chart

Planet Fitness Annual Data

Trend

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Dec20

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Dec23

Cash And Cash Equivalents

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436.26

439.48

545.91

409.84

275.84

Planet Fitness Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															308.97	275.84	301.71	246.96	298.78

Planet Fitness 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.

Planet Fitness (LTS:0KJD) 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.

Planet Fitness Cash And Cash Equivalents Related Terms

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Planet Fitness Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Planet Fitness Inc (LTS:0KJD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

PLNT:USA 3PL:Germany 3PL:Germany P2LN34:Brazil

Address

4 Liberty Lane West, Hampton, NH, USA, 03842

Website

https://www.planetfitness.com

Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.

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