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Sunshine Biopharma's quarterly cash and cash equivalents declined from Sep. 2023 ($18.85 Mil) to Dec. 2023 ($16.29 Mil) but then increased from Dec. 2023 ($16.29 Mil) to Mar. 2024 ($17.43 Mil).
Sunshine Biopharma's annual cash and cash equivalents increased from Dec. 2021 ($2.05 Mil) to Dec. 2022 ($21.83 Mil) but then declined from Dec. 2022 ($21.83 Mil) to Dec. 2023 ($16.29 Mil).
The historical data trend for Sunshine Biopharma'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.
Sunshine Biopharma Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 0.04 | 0.99 | 2.05 | 21.83 | 16.29 |
Sunshine Biopharma 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 | 19.29 | 19.73 | 18.85 | 16.29 | 17.43 |
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.
Sunshine Biopharma (NAS:SBFM) 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 Sunshine Biopharma's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Camille Sebaaly | director, officer: CFO and Secretary | 14464 GOUIN W., #B, MONTREAL A8 H9H 1B1 |
Malek Chamoun | 10 percent owner | 1730 RUE SAINT-PATRICK UNIT 601, MONTREAL Z4 H3K0B2 |
David Natan | director | 11190 BISCAYNE BLVD, MIAMI FL 33181 |
Andrew Mark Keller | director | 10 ISLAND DRIVE, NORWALK CT 06855 |
Andrew I Telsey | director | 6198 SOUTH MOLINE COURT, ENGLEWOOD CO 80111 |
James Daniel Kish | director | 6456 S QUEBEC ST., SUITE 550, CENTENNIAL CO 80111 |
Rabi Kiderchah | director | 924 PIERRE-DANSEREAU AVE, APT 206, TERREBONNE A8 J6Y 0N3 |
Advanomics Corp | 10 percent owner | 579 RUE LAJEUNESSE, LAVAL A8 H7X 3K4 |
Steve N. Slilaty | director, 10 percent owner, officer: CEO and President | 579 RUE LAJEUNESSE, LAVAL A8 H7X 3K4 |
Abderrazzak Merzouki | director, officer: Chief Operating Officer | 731 PLACE DE L'EEAU VIVE, LAVAL A8 H7Y 2E1 |
Turi Michele Di | director, officer: Chief Operating Officer | 3100 BOUL. DES GOUVERNEURS, LAVAL A8 H7E 5J3 |
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