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ADMA Biologics's quarterly cash and cash equivalents declined from Sep. 2023 ($74.16 Mil) to Dec. 2023 ($51.35 Mil) but then stayed the same from Dec. 2023 ($51.35 Mil) to Mar. 2024 ($45.33 Mil).
ADMA Biologics's annual cash and cash equivalents increased from Dec. 2021 ($51.09 Mil) to Dec. 2022 ($86.52 Mil) but then declined from Dec. 2022 ($86.52 Mil) to Dec. 2023 ($51.35 Mil).
The historical data trend for ADMA Biologics'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.
ADMA Biologics Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 26.75 | 55.92 | 51.09 | 86.52 | 51.35 |
ADMA Biologics Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 69.20 | 62.51 | 74.16 | 51.35 | 45.33 |
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.
ADMA Biologics (NAS:ADMA) 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.
Thank you for viewing the detailed overview of ADMA Biologics's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Alison Cecily Finger | director | C/O BLUEBIRD BIO, INC., 60 BINNEY STREET, CAMBRIDGE MA 02142 |
Jerrold B Grossman | director | 65 COMMERCE WAY, HACKENSACK NJ 07601 |
Young Kwon | director | C/O MOMENTA PHARMACEUTICALS INC., 675 WEST KENDALL STREET, CAMBRIDGE MA 02142 |
Bryant Fong | director | 2170 VALLEJO STREET #101, SAN FRANCISCO CA 94123 |
Adam S Grossman | director, officer: President and CEO | 65 COMMERCE WAY, HACKENSACK NJ 07601 |
Brian Lenz | officer: EVP, CFO | 65 COMMERCE WAY, HACKENSACK NJ 07601 |
Lawrence P. Guiheen | director | 65 COMMERCE WAY, HACKENSACK NJ 07601 |
Martha J Demski | director | 7770 REGENTS ROAD SUITE 113-505, SAN DIEGO CA 92122 |
Perceptive Life Sciences Master Fund Ltd | 10 percent owner | C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
James Mond | officer: CSO/CMO | 65 COMMERCE WAY, HACKENSACK NJ 07601 |
Biotest Divestiture Trust | 10 percent owner | C/O ERIC ROSENBACH, TRUSTEE, 402 NORFOLK STREET, CAMBRIDGE MA 02139 |
Joseph Edelman | 10 percent owner | C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Perceptive Advisors Llc | 10 percent owner | 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Eric I Richman | director | C/O REV CAPITAL II, LLC, 9740 SORREL AVE, POTOMAC MD 20854 |
Biotest Pharmaceuticals Corp | director, 10 percent owner | 5800 PARK OF COMMERCE BLVD., NW, BOCA RATON FL 33487 |
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