Danimer Scientific (STU:6CU) Cash And Cash Equivalents : €52.75 Mil (As of Mar. 2024)

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What is Danimer Scientific Cash And Cash Equivalents?

Danimer Scientific's quarterly cash and cash equivalents declined from Sep. 2023 (€72.52 Mil) to Dec. 2023 (€54.26 Mil) but then stayed the same from Dec. 2023 (€54.26 Mil) to Mar. 2024 (€52.75 Mil).

Danimer Scientific's annual cash and cash equivalents declined from Dec. 2021 (€253.54 Mil) to Dec. 2022 (€59.28 Mil) and declined from Dec. 2022 (€59.28 Mil) to Dec. 2023 (€54.26 Mil).

Danimer Scientific Cash And Cash Equivalents Historical Data

The historical data trend for Danimer Scientific'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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Danimer Scientific Cash And Cash Equivalents Chart

Danimer Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

5.64

310.37

253.54

59.28

54.26

Danimer Scientific Quarterly Data
	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													95.26	83.78	72.52	54.26	52.75

Danimer Scientific 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.

Danimer Scientific (STU:6CU) 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.

Danimer Scientific Cash And Cash Equivalents Related Terms

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Danimer Scientific (STU:6CU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Danimer Scientific Inc (STU:6CU) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

DNMR:USA 6CU:Germany

Address

140 Industrial Boulevard, Bainbridge, GA, USA, 39817

Website

https://www.danimerscientific.com

Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are 100% biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. The company holds more than 470 patents and pending patent applications in nearly 20 countries for a range of manufacturing processes and biopolymer formulations.

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