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Credo Technology Group Holding (Credo Technology Group Holding) Cash, Cash Equivalents, Marketable Securities : $409.1 Mil (As of Jan. 2024)


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What is Credo Technology Group Holding Cash, Cash Equivalents, Marketable Securities?

Credo Technology Group Holding's quarterly cash, cash equivalents, marketable securities increased from Jul. 2023 ($237.57 Mil) to Oct. 2023 ($240.51 Mil) and increased from Oct. 2023 ($240.51 Mil) to Jan. 2024 ($409.13 Mil).

Credo Technology Group Holding's annual cash, cash equivalents, marketable securities increased from Apr. 2021 ($103.76 Mil) to Apr. 2022 ($259.32 Mil) but then declined from Apr. 2022 ($259.32 Mil) to Apr. 2023 ($217.81 Mil).


Credo Technology Group Holding Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Credo Technology Group Holding'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.

* Premium members only.

Credo Technology Group Holding Cash, Cash Equivalents, Marketable Securities Chart

Credo Technology Group Holding Annual Data
Trend Apr20 Apr21 Apr22 Apr23
Cash, Cash Equivalents, Marketable Securities
73.91 103.76 259.32 217.81

Credo Technology Group Holding Quarterly Data
Apr20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 233.01 217.81 237.57 240.51 409.13

Credo Technology Group Holding 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.


Credo Technology Group Holding  (NAS:CRDO) 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.


Credo Technology Group Holding Cash, Cash Equivalents, Marketable Securities Related Terms

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Credo Technology Group Holding (Credo Technology Group Holding) Business Description

Industry
Traded in Other Exchanges
Address
Ugland House, PO Box 309, Grand Cayman, CYM, KY1-1104
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.
Executives
William Joseph Brennan director, officer: Pres & Chief Executive Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Yat Tung Lam director, officer: Chief Operating Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Chi Fung Cheng director, 10 percent owner, officer: Chief Technology Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Daniel W. Fleming officer: Chief Financial Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Lip Bu Tan director, 10 percent owner ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Adam Thorngate-gottlund officer: General Counsel & Secretary C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Pantas Sutardja, director C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
David Zinsner director 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Sylvia Acevedo director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Manpreet Khaira director C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110