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AVITA Medical's quarterly cash and cash equivalents declined from Sep. 2023 ($50.85 Mil) to Dec. 2023 ($22.12 Mil) but then stayed the same from Dec. 2023 ($22.12 Mil) to Mar. 2024 ($16.95 Mil).
AVITA Medical's annual cash and cash equivalents declined from Jun. 2021 ($110.75 Mil) to Dec. 2022 ($18.16 Mil) but then increased from Dec. 2022 ($18.16 Mil) to Dec. 2023 ($22.12 Mil).
The historical data trend for AVITA Medical'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.
AVITA Medical Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 20.17 | 73.64 | 110.75 | 18.16 | 22.12 |
AVITA Medical 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 | 28.05 | 37.49 | 50.85 | 22.12 | 16.95 |
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.
AVITA Medical (NAS:RCEL) 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 AVITA Medical's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
James Corbett | director | 2 GOODYEAR, IRVINE CA 92618 |
Jeremy Curnock Cook | director | TARGETED GENETICS CORP, 1100 OLIVE WAY STE 100, SEATTLE WA 98101 |
David D O'toole | officer: CFO | 1640 MARENGO STREET, LOS ANGELES CA 90033 |
Donna Shiroma | officer: General Counsel | C/O AVITA MEDICAL, 28159 AVENUE STANFORD, SUITE 220, VALENCIA CA 91355 |
Cary Guy Vance | director | 800 EAST MIDDLEFIELD RD, MOUNTAIN VIEW CA 94043 |
Robert Mcnamara | director | C/O LDR HOLDING CORPORATION, 13785 RESEARCH BOULEVARD, SUITE 200, AUSTIN TX 78750 |
Michael S Perry | director, officer: Chief Executive Officer | C/O BIOTRANSPLANT INC, 196 BOSTON AVE SUITE 2800, MEDFORD MA 02155 |
Suzanne Crowe | director | C/O AVITA MEDICAL, 28159 AVENUE STANFORD, SUITE 220, VALENCIA CA 91355 |
Jan Stern Reed | director | C/O JAN STERN REED BAXTER INTERNATIONAL, ONE BAXTER PARKWAY DF2 2W, DEERFIELD IL 60015 |
Michael Holder | officer: Chief Financial Officer | 6170 RESEARCH RD., STE 103, FRISCO TX 75034 |
Kathy M. Mcgee | officer: Chief Operating Officer | C/O AVITA MEDICAL, 28159 AVENUE STANFORD, SUITE 220, VALENCIA CA 91355 |
Sean Ekins | officer: Sr. VP of Finance | C/O AVITA MEDICAL, 28159 AVENUE STANFORD, SUITE 220, VALENCIA CA 91355 |
David Mcintyre | officer: Chief Financial Officer | SUITE 4 LEVEL 46 2 PARK STREET, SIDNEY C3 2000 |
Damien Mcdonald | director | 5 MERCHANT SQUARE, NORTH WHARF ROAD, LONDON X0 W21AY |
Erin Liberto | officer: Chief Commercial Officer | C/O AVITA MEDICAL, 28159 AVENUE STANFORD, SUITE 220, VALENCIA CA 91355 |
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