Microba Life Sciences (ASX:MAP) Cash, Cash Equivalents, Marketable Securities : A$28.05 Mil (As of Dec. 2023)

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What is Microba Life Sciences Cash, Cash Equivalents, Marketable Securities?

Microba Life Sciences's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$41.95 Mil) to Jun. 2023 (A$32.04 Mil) but then stayed the same from Jun. 2023 (A$32.04 Mil) to Dec. 2023 (A$28.05 Mil).

Microba Life Sciences's annual cash, cash equivalents, marketable securities increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$30.58 Mil) and increased from Jun. 2022 (A$30.58 Mil) to Jun. 2023 (A$32.04 Mil).

Microba Life Sciences Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Microba Life Sciences's Cash, Cash Equivalents, Marketable Securities 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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Microba Life Sciences Cash, Cash Equivalents, Marketable Securities Chart

Microba Life Sciences Annual Data

Trend

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

30.58

32.04

Microba Life Sciences Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	37.49	30.58	41.95	32.04	28.05

Microba Life Sciences Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Microba Life Sciences (ASX:MAP) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Microba Life Sciences Cash, Cash Equivalents, Marketable Securities Related Terms

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Microba Life Sciences (ASX:MAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Microba Life Sciences Ltd (ASX:MAP) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

324 Queen Street, Level 10, Brisbane, QLD, AUS, 4000

Website

https://www.microba.com

Microba Life Sciences Ltd is a commercial-stage company with technology for measuring the human gut microbiome which includes delivering gut microbiome testing services globally to consumers, clinicians, and researchers. The company's segment includes Testing Services, and Research and Development.

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