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AquaBounty Technologies's quarterly cash and cash equivalents declined from Sep. 2023 ($16.77 Mil) to Dec. 2023 ($8.20 Mil) but then stayed the same from Dec. 2023 ($8.20 Mil) to Mar. 2024 ($2.59 Mil).
AquaBounty Technologies's annual cash and cash equivalents increased from Dec. 2021 ($88.46 Mil) to Dec. 2022 ($101.64 Mil) but then declined from Dec. 2022 ($101.64 Mil) to Dec. 2023 ($8.20 Mil).
The historical data trend for AquaBounty Technologies'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.
AquaBounty Technologies Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 2.80 | 95.75 | 88.46 | 101.64 | 8.20 |
AquaBounty Technologies 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 | 72.78 | 42.84 | 16.77 | 8.20 | 2.59 |
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.
AquaBounty Technologies (NAS:AQB) 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 AquaBounty Technologies's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Melbourne David Francis Jr | officer: President | 2 MILL AND MAIN PLACE, SUITE 395, MAYNARD MA 01754 |
Gail Sharps Myers | director | 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Christine St.clare | director | 405 EAGLEVIEW BLVD., EXTON PA 19341 |
Erin S Sharp | director | THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202 |
Michael K Stern | director | 800 N. LINDBERGH BLVD, A3SA, ST LOUIS MO 63167 |
Ricardo J Alvarez | director | 2 MILL AND MAIN PLACE, SUITE 395, MAYNARD MA 01754 |
Sylvia Wulf | director, officer: CEO & Director | 2 MILL & MAIN PLACE, SUITE 395, MAYNARD MA 01754 |
David A Frank | officer: See Remarks | 2 MILL & MAIN PLACE, SUITE 395, MAYNARD MA 01754 |
Alana Czypinski | director | 1881 GROVE AVENUE, RADFORD VA 24141 |
Randal J Kirk | 10 percent owner | 1881 GROVE AVENUE, RADFORD VA 24141 |
Angela M Olsen | officer: General Counsel & Corp Sec | C/O AQUABOUNTY TECHNOLOGIES, INC., 2 MILL & MAIN PLACE, SUITE 395, MAYNARD MA 01754 |
Richard L Huber | director | 2 MILL & MAIN PLACE, SUITE 395, MAYNARD MA 01754 |
Rick L. Sterling | director | 20374 SENECA MEADOWS PARKWAY, GERMANTOWN MD 20876 |
Turk James C Jr | director | TWO CLOCK TOWER PLACE, SUITE 395, MAYNARD MA 01745 |
Theodore John Fisher | director | 1881 GROVE AVENUE, RADFORD VA 24141 |
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