Lever Style (Lever Style) Cash And Cash Equivalents : $18.1 Mil (As of Dec. 2023)

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What is Lever Style Cash And Cash Equivalents?

Lever Style's quarterly cash and cash equivalents declined from Dec. 2022 ($23.52 Mil) to Jun. 2023 ($7.03 Mil) but then increased from Jun. 2023 ($7.03 Mil) to Dec. 2023 ($18.12 Mil).

Lever Style's annual cash and cash equivalents increased from Dec. 2021 ($19.87 Mil) to Dec. 2022 ($23.52 Mil) but then declined from Dec. 2022 ($23.52 Mil) to Dec. 2023 ($18.12 Mil).

Lever Style Cash And Cash Equivalents Historical Data

The historical data trend for Lever Style'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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Lever Style Cash And Cash Equivalents Chart

Lever Style Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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17.02

17.76

19.87

23.52

18.12

Lever Style Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial								19.87	24.03	23.52	7.03	18.12

Lever Style 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.

Lever Style (OTCPK:LVSYF) 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.

Lever Style Cash And Cash Equivalents Related Terms

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Lever Style (Lever Style) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lever Style Corp (OTCPK:LVSYF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

01346:Hong Kong

Address

12 Hing Yip Street, Wing Tai Centre, 7th Floor, Room 76, Flat A, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.leverstyle.com

Lever Style Corp engages in apparel manufacturing. The firm offers a wide range of product categories for both men and women. Its product line comprises shirts, bottoms, suits, outwear, and other products out of which sale of shirts derives the majority revenue. Geographically, the United States of America contributes majority of the firm's revenue.

Lever Style (Lever Style) Headlines

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