Fly Leasing (Fly Leasing) Cash And Cash Equivalents : $117.2 Mil (As of Mar. 2021)

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What is Fly Leasing Cash And Cash Equivalents?

Fly Leasing's quarterly cash and cash equivalents declined from Sep. 2020 ($285.12 Mil) to Dec. 2020 ($132.10 Mil) but then stayed the same from Dec. 2020 ($132.10 Mil) to Mar. 2021 ($117.23 Mil).

Fly Leasing's annual cash and cash equivalents increased from Dec. 2018 ($180.21 Mil) to Dec. 2019 ($285.57 Mil) but then declined from Dec. 2019 ($285.57 Mil) to Dec. 2020 ($132.10 Mil).

Fly Leasing Cash And Cash Equivalents Historical Data

The historical data trend for Fly Leasing'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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Fly Leasing Cash And Cash Equivalents Chart

Fly Leasing Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash And Cash Equivalents

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517.96

329.11

180.21

285.57

132.10

Fly Leasing Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash And Cash Equivalents	Get a 7-Day Free Trial															361.15	288.98	285.12	132.10	117.23

Fly Leasing 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.

Fly Leasing (NYSE:FLY) 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.

Fly Leasing Cash And Cash Equivalents Related Terms

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Fly Leasing (Fly Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Fly Leasing Ltd (NYSE:FLY) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

West Pier Business Campus, Dun Laoghaire, County Dublin, IRL, A96 N6T7

Website

http://www.flyleasing.com

Fly Leasing Ltd is principally involved in the commercial aircraft business. In addition, to arranging for the leasing of the fleet the group is also involved acquiring and disposing of aircraft, marketeering aircraft for lease and release, collecting rents and other payments from the lessees of aircraft, monitoring maintenance, insurance and other obligations under leases, and enforcing Fly Leasing's rights against lessees.