Benevolent AI (Benevolent AI) Cash And Cash Equivalents : $46.17 Mil (As of Dec. 2023)

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What is Benevolent AI Cash And Cash Equivalents?

Benevolent AI's quarterly cash and cash equivalents declined from Dec. 2022 ($107.73 Mil) to Jun. 2023 ($77.23 Mil) but then stayed the same from Jun. 2023 ($77.23 Mil) to Dec. 2023 ($46.17 Mil).

Benevolent AI's annual cash and cash equivalents increased from Dec. 2021 ($53.93 Mil) to Dec. 2022 ($107.73 Mil) but then declined from Dec. 2022 ($107.73 Mil) to Dec. 2023 ($46.17 Mil).

Benevolent AI Cash And Cash Equivalents Historical Data

The historical data trend for Benevolent AI'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.

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Benevolent AI Cash And Cash Equivalents Chart

Benevolent AI Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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113.03

114.75

53.93

107.73

46.17

Benevolent AI Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial				53.93	203.62	107.73	77.23	46.17

Benevolent AI 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.

Benevolent AI (GREY:BAIVF) 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.

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Benevolent AI (Benevolent AI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

BAI:Netherlands 2XA:Germany

Address

4-8 Maple Street, London, GBR, W1T 5HD

Website

https://www.benevolent.com

Benevolent AI is a clinical-stage AI-enabled drug discovery company. It delivers novel drug candidates with a higher probability of clinical success than those developed using traditional methods. The Benevolent Platform powers a growing in-house pipeline of over 20 drug programmes, spanning from target discovery to clinical studies, and it maintains commercial collaborations with pharmaceutical companies.