Shield Therapeutics (Shield Therapeutics) Cash And Cash Equivalents : $13.95 Mil (As of Dec. 2023)

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What is Shield Therapeutics Cash And Cash Equivalents?

Shield Therapeutics's quarterly cash and cash equivalents increased from Dec. 2022 ($3.40 Mil) to Jun. 2023 ($13.59 Mil) and increased from Jun. 2023 ($13.59 Mil) to Dec. 2023 ($13.95 Mil).

Shield Therapeutics's annual cash and cash equivalents declined from Dec. 2021 ($16.35 Mil) to Dec. 2022 ($3.40 Mil) but then increased from Dec. 2022 ($3.40 Mil) to Dec. 2023 ($13.95 Mil).

Shield Therapeutics Cash And Cash Equivalents Historical Data

The historical data trend for Shield Therapeutics'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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Shield Therapeutics Cash And Cash Equivalents Chart

Shield Therapeutics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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5.43

4.01

16.35

3.40

13.95

Shield Therapeutics Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial														16.35	2.92	3.40	13.59	13.95

Shield Therapeutics 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.

Shield Therapeutics (OTCPK:SHIEF) 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.

Shield Therapeutics Cash And Cash Equivalents Related Terms

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Shield Therapeutics (Shield Therapeutics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shield Therapeutics PLC (OTCPK:SHIEF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

STX:UK 1JS:Germany

Address

Northern Design Centre, Baltic Business Quarter, Gateshead Quays, Newcastle, GBR, NE8 3DF

Website

https://www.shieldtherapeutics.com

Shield Therapeutics PLC is a specialty pharmaceutical company focused on the development and commercialization of late-stage, hospital-focused pharmaceuticals which address areas of high unmet medical need. The company's operating segments are based on key products including Accrufer/Feraccru, used as a novel oral treatment for iron deficiency anemia in patients, which is commercially available, and PT20 used in treating hyperphosphatemia, which is in its last stage of completion. The company generates maximum revenue from Feraccru segment.

Shield Therapeutics (Shield Therapeutics) Headlines

From GuruFocus

Full Year 2023 Shield Therapeutics PLC Trading Statement Presentation Transcript

By GuruFocus Research • 03-01-2024