Astrotech (Astrotech) Cash And Cash Equivalents : $8.49 Mil (As of Mar. 2024)

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What is Astrotech Cash And Cash Equivalents?

Astrotech's quarterly cash and cash equivalents declined from Sep. 2023 ($13.09 Mil) to Dec. 2023 ($11.10 Mil) but then stayed the same from Dec. 2023 ($11.10 Mil) to Mar. 2024 ($8.49 Mil).

Astrotech's annual cash and cash equivalents declined from Jun. 2021 ($35.94 Mil) to Jun. 2022 ($26.45 Mil) and declined from Jun. 2022 ($26.45 Mil) to Jun. 2023 ($14.21 Mil).

Astrotech Cash And Cash Equivalents Historical Data

The historical data trend for Astrotech'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.

Astrotech Cash And Cash Equivalents Chart

Astrotech Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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1.59

3.35

35.94

26.45

14.21

Astrotech 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															14.44	14.21	13.09	11.10	8.49

Astrotech 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.

Astrotech (NAS:ASTC) 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.

Astrotech Cash And Cash Equivalents Related Terms

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Astrotech (Astrotech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astrotech Corp (NAS:ASTC) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SP5:Germany

Address

2105 Donley Drive, Suite 100, Austin, TX, USA, 78758

Website

https://www.astrotechcorp.com

Astrotech Corp is a science and technology development company. The firm invents, acquires, and commercializes technological innovations sourced from internal research, universities, laboratories, and research institutions. The 1st Detect develops, manufactures, and sells chemical analyzers for use in the airport security, military, breath analysis markets. AgLAB develops a series of mass spectrometers for use in the agriculture market.

Executives

Robert N Mcfarland	director	C/O EZENIA, INC., 14 CELINA AVE, SUITE 17-18, NASHUA NH 03063
Russler Daniel T Jr	director	2105 DONLEY DRIVE, SUITE 100, AUSTIN TX 78758
James Frank Becker	director	283 HEMLOCK LANE, WEST CHICAGO IL 60185
Jaime Hinojosa	officer: CFO	2028 E BEN WHITE BLVD STE 240-9530, AUSTIN TX 78741
Braden Michael Leonard	10 percent owner	156 S. FIRST STREET, ZIONSVILLE IN 46077
Thomas Wiley Wilkinson	director	3 COLERIDGE LANE, AUSTIN TX 78746
Winn Interests, Ltd.	10 percent owner	800 N. SHORELINE, 1900 N. TOWER, CORPUS CHRISTI TX 78401
Mark Adams	director	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
William F Readdy	director	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Ronald W Cantwell	director	250 PARK AVE, SUITE 2020, NEW YORK NY 10017
Michael R. Humphrey	director	401 CONGRESS AVE., SUITE 1650, AUSTIN TX 78701
Eric Stober	officer: Chief Financial Officer	201 W. 5TH STREET, SUITE 1275, AUSTIN TX 78701
Pickens Thomas Boone Iii	director, 10 percent owner, officer: Chief Executive Officer	12130 HIGHWAY 3, BLDG. 1, WEBSTER TX 77598
Sha-chelle Manning	director	907 GEMINI STREET, HOUSTON TX 77058
Rajesh K Mellacheruvu	officer: Chief Operating Officer	401 CONGRESS AVE, SUITE 1650, AUSTIN TX 78701