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Clarus Therapeutics Holdings's quarterly cash and cash equivalents declined from Dec. 2021 ($26.42 Mil) to Mar. 2022 ($9.14 Mil) but then increased from Mar. 2022 ($9.14 Mil) to Jun. 2022 ($19.17 Mil).
Clarus Therapeutics Holdings's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to Dec. 2020 ($7.23 Mil) and increased from Dec. 2020 ($7.23 Mil) to Dec. 2021 ($26.42 Mil).
The historical data trend for Clarus Therapeutics Holdings'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.
Clarus Therapeutics Holdings Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Cash And Cash Equivalents | 7.23 | 26.42 |
Clarus Therapeutics Holdings Quarterly Data | ||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | - | 21.95 | 26.42 | 9.14 | 19.17 |
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.
Clarus Therapeutics Holdings (OTCPK:CRXTQ) 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 Clarus Therapeutics Holdings's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Mcnerney & Partners Lp | 10 percent owner | 45 S. 7TH ST., SUITE 3060, MINNEAPOLIS MN 55402 |
Kimberly M Murphy | director | 101 EAST KENNEDY BLVD., SUITE 2800, TAMPA FL 33602 |
Elizabeth Cermak | director | 1414 RALEIGH ROAD, SUITE 400, CHAPEL HILL NC 27517 |
Prygocki Mark A Sr | director | C/O MEDICS, 8125 N. HAYDEN RD, SCOTTSDALE AZ 85258 |
John Kenneth Amory | director | C/O CLARUS THERAPEUTICS HOLDINGS, INC., 555 SKOKIE BLVD, SUITE 340, NORTHBROOK IL 60662 |
Robert E. Dudley | director, officer: Chief Executive Officer | 555 SKOKIE BOULEVARD, SUITE 340, NORTHBROOK IL 60062 |
Joseph Hernandez | director | C/O MICROLIN BIO, INC., NEW YORK NY 10022 |
Richard D Peterson | officer: Chief Financial Officer | 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309 |
Frank Jaeger | officer: Chief Commercial Officer | CLARUS THERAPEUTICS HOLDINGS, INC., 555 SKOKIE BLVD, SUITE 340, NORTHBROOK IL 60662 |
Steven A. Bourne | officer: Chief Administrative Officer | 555 SKOKIE BOULEVARD, SUITE 340, NORTHBROOK IL 60062 |
Ffi Fund Ltd | 10 percent owner | DMS HOUSE, 20 GENESIS CLOSE, GRAND CAYMAN, GEORGE TOWN E9 KY1-1208 |
Thomas, Mcnerney & Partners Ii L.p. | 10 percent owner | 45 SOUTH 7TH STREET, SUITE 3060, Minneapolis MN 55402 |
Thomas, Mcnerney & Partners Ii, Llc | 10 percent owner | 45 SOUTH SEVENTH STREET, SUITE 3060, MINNEAPOLIS MN 55402 |
Tmp Nominee Ii, Llc | 10 percent owner | 45 SOUTH SEVENTH STREET, SUITE 3060, MINNEAPOLIS MN 55402 |
Tmp Associates Ii Lp | 10 percent owner | 45 SOUTH SEVENTH STREET, SUITE 3060, MINNEAPOLIS MN 55402 |
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