LM Funding America (LM Funding America) Change In Working Capital : $-3.19 Mil (TTM As of Mar. 2024)

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What is LM Funding America Change In Working Capital?

LM Funding America's change in working capital for the quarter that ended in Mar. 2024 was $-3.00 Mil.

LM Funding America's change in working capital for the fiscal year that ended in Dec. 2023 was $-0.65 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

LM Funding America Change In Working Capital Historical Data

The historical data trend for LM Funding America's Change In Working Capital 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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LM Funding America Change In Working Capital Chart

LM Funding America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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0.31

0.65

-0.87

1.17

-0.65

LM Funding America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Working Capital	Get a 7-Day Free Trial															-0.46	0.17	-0.06	-0.30	-3.00

LM Funding America Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.19 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

LM Funding America Change In Working Capital Related Terms

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LM Funding America (LM Funding America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LM Funding America Inc (NAS:LMFA) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

1YJ:Germany

Address

1200 Platt Street, Suite 1000, Tampa, FL, USA, 33602

Website

http://www.lmfunding.com

LM Funding America Inc is a financial services company. The company provides funding to nonprofit community associations located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. Its products include Original Product and New Neighbor Guaranty. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It currently has two lines of business recently commenced cryptocurrency mining business and historical specialty finance business. The Company has two operating segments: Specialty Finance and Mining Operations.

Executives

Ryan H Duran	officer: Chief Financial Officer	3408 W. CHEROKEE AVE, TAMPA FL 33611
Bruce M. Rodgers	director, officer: Chairman, CEO and President	302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602
Richard D. Russell	officer: Vice President of Operations	3201 W BAY VISTA AVE, TAMPA FL 33611
Andrew L. Graham	director	3802 COCONUT PALM DRIVE, TAMPA FL 33619
Tian Zhang	director	1200 WEST PLATT STREET, SUITE 100, TAMPA FL 33606
Douglas I. Mccree	director	302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602
Mint Capital Advisors Ltd	10 percent owner	WESTERN ROAD, NASSAU C5 00000
Frank Charles Silcox	director	FS VENTURES, LLC, 315 S. PLANT AVENUE, TAMPA FL 33606
User-friendly Holding, Llc	10 percent owner	10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380
User-friendly Phone Book, Llc	10 percent owner	10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380
Xueyuan Han	10 percent owner	22 WHITE PLACE, WEST ORANGE NJ 07052
Bz Industrial Ltd	10 percent owner	22 WHITE PLACE, WEST ORANGE NJ 07052
Craven House Capital North America Llc	10 percent owner	107 WEST FEDERAL ST. PO BOX 480, MIDDLEBURG VA 20018-0480
Frederick J Mills	director	3006 EUCLID AVE, TAMPA FL 33611
Carollinn Gould	director, 10 percent owner, officer: VP - General Manager	302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602