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Lotus Technology (Lotus Technology) Cash And Cash Equivalents : $418.9 Mil (As of Dec. 2023)


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What is Lotus Technology Cash And Cash Equivalents?

Lotus Technology's quarterly cash and cash equivalents declined from Dec. 2022 ($736.61 Mil) to Jun. 2023 ($548.29 Mil) but then stayed the same from Jun. 2023 ($548.29 Mil) to Dec. 2023 ($418.94 Mil).

Lotus Technology's annual cash and cash equivalents increased from Dec. 2021 ($531.45 Mil) to Dec. 2022 ($736.61 Mil) but then declined from Dec. 2022 ($736.61 Mil) to Dec. 2023 ($418.94 Mil).

Lotus Technology Cash And Cash Equivalents Historical Data

The historical data trend for Lotus Technology'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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Lotus Technology Cash And Cash Equivalents Chart

Lotus Technology Annual Data
Trend Dec21 Dec22 Dec23
Cash And Cash Equivalents
531.45 736.61 418.94

Lotus Technology Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Cash And Cash Equivalents 531.45 - 736.61 548.29 418.94

Lotus Technology 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.

Lotus Technology  (NAS:LOT) 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.

Lotus Technology Cash And Cash Equivalents Related Terms

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Lotus Technology (Lotus Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (NAS:LOT) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
5EP:Germany
Address
No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120
Website
https://www.group-lotus.com
Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand.

Lotus Technology (Lotus Technology) Headlines

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