Loar Holdings (Loar Holdings) Cash, Cash Equivalents, Marketable Securities : $28.15 Mil (As of Mar. 2024)

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What is Loar Holdings Cash, Cash Equivalents, Marketable Securities?

Loar Holdings's quarterly cash, cash equivalents, marketable securities increased from Mar. 2023 ($0.00 Mil) to Dec. 2023 ($21.49 Mil) and increased from Dec. 2023 ($21.49 Mil) to Mar. 2024 ($28.15 Mil).

Loar Holdings's annual cash, cash equivalents, marketable securities increased from . 20 ($0.00 Mil) to Dec. 2022 ($35.50 Mil) but then declined from Dec. 2022 ($35.50 Mil) to Dec. 2023 ($21.49 Mil).

Loar Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Loar Holdings's Cash, Cash Equivalents, Marketable Securities 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.

Loar Holdings Cash, Cash Equivalents, Marketable Securities Chart

Loar Holdings Annual Data

Trend

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

35.50

21.49

Loar Holdings Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	35.50	-	21.49	28.15

Loar Holdings Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Loar Holdings (NYSE:LOAR) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Loar Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Loar Holdings (Loar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Loar Holdings Inc (NYSE:LOAR) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 New King Street, White Plains, New York, NY, USA, 10604

Website

https://www.loargroup.com

Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).

Loar Holdings (Loar Holdings) Headlines

From GuruFocus

Director M Crow Acquires 71,429 Shares of Loar Holdings Inc (LOAR)

By GuruFocus Research • 04-29-2024