I Love Lund AB (XSAT:LOVE B) Cash And Cash Equivalents : kr3.87 Mil (As of Jun. 2024)

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What is I Love Lund AB Cash And Cash Equivalents?

I Love Lund AB's quarterly cash and cash equivalents declined from Dec. 2023 (kr7.51 Mil) to Mar. 2024 (kr5.96 Mil) but then stayed the same from Mar. 2024 (kr5.96 Mil) to Jun. 2024 (kr3.87 Mil).

I Love Lund AB's annual cash and cash equivalents declined from Dec. 2021 (kr16.24 Mil) to Dec. 2022 (kr7.76 Mil) and declined from Dec. 2022 (kr7.76 Mil) to Dec. 2023 (kr7.51 Mil).

I Love Lund AB Cash And Cash Equivalents Historical Data

The historical data trend for I Love Lund AB'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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I Love Lund AB Cash And Cash Equivalents Chart

I Love Lund AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.21

16.24

7.76

7.51

I Love Lund AB Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial						4.24	10.17	7.51	5.96	3.87

I Love Lund AB 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.

I Love Lund AB (XSAT:LOVE B) 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.

I Love Lund AB Cash And Cash Equivalents Related Terms

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I Love Lund AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » I Love Lund AB (XSAT:LOVE B) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hospitalsgatan 2, Lund, SWE, 223 53

Website

https://www.ilovelund.se

I Love Lund AB is an investment company that invests in companies based in Lund. It invests broadly across all sectors and with the main focus on pre-seed companies. The portfolio's return objective is to achieve a return over a business cycle that is as good as equivalent references.

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