KB Home (STU:KBH) Cash And Cash Equivalents : €620 Mil (As of Feb. 2024)

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What is KB Home Cash And Cash Equivalents?

KB Home's quarterly cash and cash equivalents increased from Aug. 2023 (€561.57 Mil) to Nov. 2023 (€672.06 Mil) but then stayed the same from Nov. 2023 (€672.06 Mil) to Feb. 2024 (€619.51 Mil).

KB Home's annual cash and cash equivalents increased from Nov. 2021 (€255.91 Mil) to Nov. 2022 (€323.92 Mil) and increased from Nov. 2022 (€323.92 Mil) to Nov. 2023 (€672.06 Mil).

KB Home Cash And Cash Equivalents Historical Data

The historical data trend for KB Home'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.

KB Home Cash And Cash Equivalents Chart

KB Home Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash And Cash Equivalents

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411.65

577.42

255.91

323.92

672.06

KB Home Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash And Cash Equivalents	Get a 7-Day Free Trial															243.61	512.86	561.57	672.06	619.51

KB Home 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.

KB Home (STU:KBH) 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.

KB Home Cash And Cash Equivalents Related Terms

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KB Home (STU:KBH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » KB Home (STU:KBH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

KBH:USA KBH:Mexico KBH:Germany

Address

10990 Wilshire Boulevard, Floor 7, Los Angeles, CA, USA, 90024

Website

https://www.kbhome.com

KB Home is an American construction company that focuses on residential construction. The company builds single-family homes and communities across Arizona, California, Colorado, Florida, Nevada, Texas, North Carolina, Idaho and the Washington, D.C., area. KB Home operates in several markets and focuses on first-time and move-up homebuyers. The company follows a built-to-order model that offers personalized homes at attainable prices based on the market location. The company also invests in land acquisition and development to support future building activities and is also engaged in financial services operations which includes providing mortgage banking services through its joint venture with a third party.