Lazard (LTS:0UB6) Cash And Cash Equivalents : $1,166 Mil (As of Sep. 2024)

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What is Lazard Cash And Cash Equivalents?

Lazard's quarterly cash and cash equivalents declined from Mar. 2024 ($923.25 Mil) to Jun. 2024 ($847.56 Mil) but then increased from Jun. 2024 ($847.56 Mil) to Sep. 2024 ($1,165.72 Mil).

Lazard's annual cash and cash equivalents declined from Dec. 2021 ($1,465.02 Mil) to Dec. 2022 ($1,234.77 Mil) and declined from Dec. 2022 ($1,234.77 Mil) to Dec. 2023 ($971.32 Mil).

Lazard Cash And Cash Equivalents Historical Data

The historical data trend for Lazard'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.

* Premium members only.

Lazard Cash And Cash Equivalents Chart

Lazard Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,231.59

1,389.88

1,465.02

1,234.77

971.32

Lazard 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															653.36	971.32	923.25	847.56	1,165.72

Lazard 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.

Lazard (LTS:0UB6) 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.

Lazard Cash And Cash Equivalents Related Terms

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Lazard Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Lazard Inc (LTS:0UB6) » Definitions » Cash And Cash Equivalents

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LAZ:USA

Address

30 Rockefeller Plaza, County of New Castle, New York, NY, USA, 10112

Website

https://www.lazard.com

Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.

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