Lyckegard Group AB (OSTO:LYGRD) Cash And Cash Equivalents : kr1.0 Mil (As of Mar. 2024)

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What is Lyckegard Group AB Cash And Cash Equivalents?

Lyckegard Group AB's quarterly cash and cash equivalents declined from Sep. 2023 (kr5.49 Mil) to Dec. 2023 (kr2.92 Mil) but then stayed the same from Dec. 2023 (kr2.92 Mil) to Mar. 2024 (kr1.03 Mil).

Lyckegard Group AB's annual cash and cash equivalents increased from Dec. 2021 (kr0.30 Mil) to Dec. 2022 (kr3.64 Mil) but then declined from Dec. 2022 (kr3.64 Mil) to Dec. 2023 (kr2.92 Mil).

Lyckegard Group AB Cash And Cash Equivalents Historical Data

The historical data trend for Lyckegard Group 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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Lyckegard Group AB Cash And Cash Equivalents Chart

Lyckegard Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1.74

0.01

0.30

3.64

2.92

Lyckegard Group AB Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial											1.23	15.09	5.49	2.92	1.03

Lyckegard Group 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.

Lyckegard Group AB (OSTO:LYGRD) 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.

Lyckegard Group AB Cash And Cash Equivalents Related Terms

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Lyckegard Group AB (OSTO:LYGRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lyckegard Group AB (OSTO:LYGRD) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

F55:Germany

Address

Trollebergsvagen, Lund, SWE, 102-28

Website

https://www.lyckegard.com

Lyckegard Group AB is an innovative company that strives towards sustainable agriculture through the reduced use of pesticides and fertilizers. The company develops and sells agricultural mechanical tools for weed control, tillage and sowing. The tools work mechanically, without chemicals, and use innovative methods and new cultivation strategies for more environmentally friendly agriculture. The products can be used by both organic and conventional farmers who want to reduce the use of pesticides and use modern cultivation strategies for increased yields.

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