LuxUrban Hotels (LuxUrban Hotels) Cash And Cash Equivalents : $0.8 Mil (As of Dec. 2023)

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What is LuxUrban Hotels Cash And Cash Equivalents?

LuxUrban Hotels's quarterly cash and cash equivalents increased from Jun. 2023 ($3.78 Mil) to Sep. 2023 ($4.80 Mil) but then stayed the same from Sep. 2023 ($4.80 Mil) to Dec. 2023 ($0.75 Mil).

LuxUrban Hotels's annual cash and cash equivalents increased from Dec. 2021 ($0.01 Mil) to Dec. 2022 ($1.08 Mil) but then declined from Dec. 2022 ($1.08 Mil) to Dec. 2023 ($0.75 Mil).

LuxUrban Hotels Cash And Cash Equivalents Historical Data

The historical data trend for LuxUrban Hotels'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.

* Premium members only.

LuxUrban Hotels Cash And Cash Equivalents Chart

LuxUrban Hotels Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.02

0.01

1.08

0.75

LuxUrban Hotels Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial										1.08	2.88	3.78	4.80	0.75

LuxUrban Hotels 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.

LuxUrban Hotels (NAS:LUXH) 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.

LuxUrban Hotels Cash And Cash Equivalents Related Terms

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LuxUrban Hotels (LuxUrban Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » LuxUrban Hotels Inc (NAS:LUXH) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2125 Biscayne Boulevard, Suite 253, Miami, FL, USA, 33137

Website

https://www.luxurbanhotels.com

LuxUrban Hotels Inc utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in metropolitan cities. It identifies, acquires, manages, and markets hotel rooms to business and vacation travelers under the consumer brand, LuxUrban. It manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles.

Executives

Brian Ferdinand	director, officer: Chief Executive Officer	224 MUTTONTOWN EASTWOODS ROAD, MUTTONTOWN NY 11791
Leonard Toboroff	director	39 N MOORE ST, STE 6B, NEW YORK NY 10013
Kevin Michael Potts	officer: Chief Revenue Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Donald Engel	director	570 PARK AVE, NEW YORK NY 10065
Shanoop Kothari	officer: Chief Financial Officer	2865 SCOTT STREET, SUITE 107, VISTA CA 92081
Aimee Nelson	director	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jeffrey Webb	director	6589 GREEN SHADOWS, STE 6B, MEMPHIS TN 38119
David Gurfein	officer: President & COO	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Karl Rothman	officer: Chief Accounting Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jimmie Chatmon	director, officer: Executive Vice President	2125 BISCAYNE BLVD, MIAMI FL 33137
Kevin Mikolashek	officer: Chief Compliance Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
David Edward Berg	director	2125 BISCAYNE BLVD., SUITE 253, MIAMI FL 33137