K-Bro Linen (TSX:KBL) Cash And Cash Equivalents : C$3.5 Mil (As of Mar. 2024)

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What is K-Bro Linen Cash And Cash Equivalents?

K-Bro Linen's quarterly cash and cash equivalents increased from Sep. 2023 (C$4.53 Mil) to Dec. 2023 (C$5.86 Mil) but then stayed the same from Dec. 2023 (C$5.86 Mil) to Mar. 2024 (C$3.51 Mil).

K-Bro Linen's annual cash and cash equivalents increased from Dec. 2021 (C$1.11 Mil) to Dec. 2022 (C$2.64 Mil) and increased from Dec. 2022 (C$2.64 Mil) to Dec. 2023 (C$5.86 Mil).

K-Bro Linen Cash And Cash Equivalents Historical Data

The historical data trend for K-Bro Linen'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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K-Bro Linen Cash And Cash Equivalents Chart

K-Bro Linen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5.30

2.42

1.11

2.64

5.86

K-Bro Linen Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															0.96	1.62	4.53	5.86	3.51

K-Bro Linen 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.

K-Bro Linen (TSX:KBL) 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.

K-Bro Linen Cash And Cash Equivalents Related Terms

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K-Bro Linen (TSX:KBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » K-Bro Linen Inc (TSX:KBL) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

KBRLF:USA

Address

14903-137 Avenue N.W., Edmonton, AB, CAN, T5V 1R9

Website

https://www.k-brolinen.com

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.

Executives

K-bro Linen Inc.

Issuer

K-Bro Linen (TSX:KBL) Headlines

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