Molekule Group (FRA:9O6) Cash And Cash Equivalents : €4.86 Mil (As of Jun. 2023)

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What is Molekule Group Cash And Cash Equivalents?

Molekule Group's quarterly cash and cash equivalents declined from Dec. 2022 (€20.83 Mil) to Mar. 2023 (€6.81 Mil) but then stayed the same from Mar. 2023 (€6.81 Mil) to Jun. 2023 (€4.86 Mil).

Molekule Group's annual cash and cash equivalents increased from Dec. 2020 (€1.92 Mil) to Dec. 2021 (€17.37 Mil) and increased from Dec. 2021 (€17.37 Mil) to Dec. 2022 (€20.83 Mil).

Molekule Group Cash And Cash Equivalents Historical Data

The historical data trend for Molekule Group'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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Molekule Group Cash And Cash Equivalents Chart

Molekule Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

1.92

17.37

20.83

Molekule Group Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial									27.59	26.08	20.83	6.81	4.86

Molekule Group 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.

Molekule Group (FRA:9O6) 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.

Molekule Group Cash And Cash Equivalents Related Terms

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Molekule Group (FRA:9O6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Molekule Group Inc (FRA:9O6) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MKULQ:USA

Address

10455 Riverside Drive, Palm Beach Gardens, FL, USA, 33410

Website

https://www.molekule.com

Molekule Group Inc is an interior space air purification technology company with an immediate objective of initiating full-scale commercialization of its high-performance interior air sterilization and disinfection products for the eradication of coronavirus and other harmful airborne pathogens. The Company was established to develop technology-driven, medical-grade air purification solutions for hospitals and other healthcare settings. Its air hygiene product, Purgo, is an FD medical device that provides continuous air filtration, sanitization, and supplemental ventilation solutions with technology that can be applied in any indoor space including in hospitals, offices, and even in elevators.

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