Balance Sheet Data

Lazard Ltd (LAZ)

$38.43

-0.12 (-0.31%)

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Total Cash 2,412.282,524.342,812.572,014.021,224.982,025.052,029.962,034.892,039.822,044.77
Total Cash (%)
Account Receivables 663.14743.14805.81652.76762.32674.90676.54678.18679.82681.47
Account Receivables (%)
Inventories 2,040.862,271.143,555-217.841,706.891,711.031,715.181,719.331,723.501,727.68
Inventories (%)
Accounts Payable 8.83-1.2250.0858.4125.0325.0925.1525.2125.2725.33
Accounts Payable (%)
Capital Expenditure -42.76-64.29-39.70-49.51-45.24-45.35-45.46-45.57-45.68-45.79
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.