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U.S. Xpress Enterprises's quarterly cash and cash equivalents increased from Sep. 2022 ($1.37 Mil) to Dec. 2022 ($2.28 Mil) and increased from Dec. 2022 ($2.28 Mil) to Mar. 2023 ($2.96 Mil).
U.S. Xpress Enterprises's annual cash and cash equivalents increased from Dec. 2020 ($5.51 Mil) to Dec. 2021 ($5.70 Mil) but then declined from Dec. 2021 ($5.70 Mil) to Dec. 2022 ($2.28 Mil).
The historical data trend for U.S. Xpress Enterprises'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.
U.S. Xpress Enterprises Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 9.89 | 5.69 | 5.51 | 5.70 | 2.28 |
U.S. Xpress Enterprises Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 2.58 | 3.15 | 1.37 | 2.28 | 2.96 |
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.
U.S. Xpress Enterprises (NYSE:USX) 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.
Thank you for viewing the detailed overview of U.S. Xpress Enterprises's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Nathan H Harwell | officer: EVP, Chief Legal Off., Sec. | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Amanda R Thompson | officer: EVP - People and Safety | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Justin C Harness | officer: EVP - Operations | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Jason Grear | officer: EVP - Accounting & Finance | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Eric A. Peterson | officer: Chief Financial Off. & Treas. | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Max L. Fuller 2008 Irrevocable Trust Fbo William E. Fuller | 10 percent owner | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Janice Fuller | 10 percent owner, other: Co-Trustee | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Fuller Family Enterprises, Llc | 10 percent owner | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
William Eric Fuller | director, 10 percent owner, officer: President & CEO, other: Co-Trustee & Managing GP | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Edward Hall Braman | director | 3310 WEST END AVENUE, SUITE 700, NASHVILLE TN 37203 |
Dennis Alan Nash | director | 4450 BELDEN VILLAGE ST. NW #800, CANTON OH 44718 |
Jon Beizer | director | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Jennifer Buckner | director | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
Michael L Ducker | director | P O BOX 813, LIBERTY CORNER NJ 07938 |
John C Rickel | director | 4080 JENKINS ROAD, CHATTANOOGA TN 37421 |
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