Labiana Health (XMAD:LAB) Cash And Cash Equivalents : €2.52 Mil (As of Dec. 2022)

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What is Labiana Health Cash And Cash Equivalents?

Labiana Health's quarterly cash and cash equivalents increased from Dec. 2021 (€3.28 Mil) to Jun. 2022 (€6.04 Mil) but then stayed the same from Jun. 2022 (€6.04 Mil) to Dec. 2022 (€2.52 Mil).

Labiana Health's annual cash and cash equivalents increased from Dec. 2020 (€1.55 Mil) to Dec. 2021 (€3.28 Mil) but then declined from Dec. 2021 (€3.28 Mil) to Dec. 2022 (€2.52 Mil).

Labiana Health Cash And Cash Equivalents Historical Data

The historical data trend for Labiana Health'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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Labiana Health Cash And Cash Equivalents Chart

Labiana Health Annual Data

Trend

Dec20

Dec21

Dec22

Cash And Cash Equivalents

1.55

3.28

2.52

Labiana Health Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22
Cash And Cash Equivalents	1.55	3.28	6.04	2.52

Labiana Health 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.

Labiana Health (XMAD:LAB) 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.

Labiana Health Cash And Cash Equivalents Related Terms

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Labiana Health (XMAD:LAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Labiana Health SA (XMAD:LAB) » Definitions » Cash And Cash Equivalents

Traded in Other Exchanges

N/A

Address

Avenida Europa, 34 1st D, Pozuelo de Alarcon, Madrid, ESP, 28023

Website

https://www.labiana.com

Labiana Health SA is a manufacturer of pharmacological products for veterinary use. The company's activities include GMP manufacturer for EU animal and human health industries, manufacturer specialized in sterile and lyophilized dosage forms, source of development, acquisition, and licensing of molecules such as Fosfomycin Trometamol.