Iconic Labs (LSE:ICON) Cash And Cash Equivalents : £0.00 Mil (As of Dec. 2023)

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What is Iconic Labs Cash And Cash Equivalents?

Iconic Labs's quarterly cash and cash equivalents declined from Dec. 2022 (£0.09 Mil) to Jun. 2023 (£0.05 Mil) but then stayed the same from Jun. 2023 (£0.05 Mil) to Dec. 2023 (£0.00 Mil).

Iconic Labs's annual cash and cash equivalents declined from Jun. 2021 (£0.05 Mil) to Jun. 2022 (£0.00 Mil) but then increased from Jun. 2022 (£0.00 Mil) to Jun. 2023 (£0.05 Mil).

Iconic Labs Cash And Cash Equivalents Historical Data

The historical data trend for Iconic Labs'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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Iconic Labs Cash And Cash Equivalents Chart

Iconic Labs Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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0.62

0.18

0.05

Iconic Labs Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial											0.05	-	0.09	0.05	-

Iconic Labs 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.

Iconic Labs (LSE:ICON) 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.

Iconic Labs Cash And Cash Equivalents Related Terms

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Iconic Labs (LSE:ICON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Iconic Labs PLC (LSE:ICON) » Definitions » Cash And Cash Equivalents

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W0G:Germany

Address

7 Bell Yard, London, GBR, WC2A 2JR

Website

https://www.iconiclabs.co.uk

Iconic Labs PLC is a media and technology business focused on the identification, acquisition and growth of technology-driven companies in the online media, artificial intelligence, and big data gathering, processing and analysis sectors. Its asset Gay Star News ("GSN"), an online media platform is dedicated to the LGBTQ+ community that intends to continue developing with strategic partners.