Acorn Energy (Acorn Energy) Cash And Cash Equivalents : $1.45 Mil (As of Dec. 2023)

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What is Acorn Energy Cash And Cash Equivalents?

Acorn Energy's quarterly cash and cash equivalents increased from Jun. 2023 ($1.57 Mil) to Sep. 2023 ($1.75 Mil) but then stayed the same from Sep. 2023 ($1.75 Mil) to Dec. 2023 ($1.45 Mil).

Acorn Energy's annual cash and cash equivalents declined from Dec. 2021 ($1.72 Mil) to Dec. 2022 ($1.45 Mil) and declined from Dec. 2022 ($1.45 Mil) to Dec. 2023 ($1.45 Mil).

Acorn Energy Cash And Cash Equivalents Historical Data

The historical data trend for Acorn Energy'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.

* Premium members only.

Acorn Energy Cash And Cash Equivalents Chart

Acorn Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1.25

2.06

1.72

1.45

Acorn Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.45	1.35	1.57	1.75	1.45

Acorn Energy 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.

Acorn Energy (OTCPK:ACFN) 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.

Acorn Energy Cash And Cash Equivalents Related Terms

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Acorn Energy (Acorn Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Acorn Energy Inc (OTCPK:ACFN) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 N West Street, Suite 1200, Wilmington, DE, USA, 19801

Website

https://www.acornenergy.com

Acorn Energy Inc is a holding company which focuses on technology-driven solutions for energy infrastructure asset management. It operates through two segments namely, the PG segment and the CP segment. PG segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications which account for majority of the revenue. CP segment is engaged in providing remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies.

Executives

Tracy Simmons Clifford	officer: CFO	10 N. ADGER'S WHARF, CHARLESTON SC 29401
Jan H Loeb	director, officer: President and CEO	LEAP TIDE CAPITAL MANAGEMENT, 10451 MILL RUN CIRCLE SUITE 400, OWINGS MILLS MD 21117
Peter Rabover	director	C/O ARTKO CAPITAL LLC, 1091 E BAYAUD AVE, APT W2808, DENVER CO 80209
Gary Mohr	director	C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532
Leap Tide Capital Acorn Llc	10 percent owner	10451 MILL RUN CIRCLE, SUITE 400, OWINGS MILLS MD 21117
Walter Iv Czarnecki	officer: OmniMetrix LLC President & CEO	OMNIMETRIX, LLC, 4295 HAMILTON MILL ROAD, SUITE 100, BUFORD GA 30518
Michael Osterer	director	C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532
Woolard Edgar S Jr	director	C/O NEW YORK STOCK EXCHANGE, INC., 11 WALL STREET, NEW YORK NY 10005
John A Moore	officer: Chief Executive Officer	403 MARSH LANE, WILMINGTON DE 19807
Christopher E Clouser	director	C/O ACORN ENERGY, INC., 4 WEST ROCKLAND RD, MONTCHANIN DE 19710
Mannie L Jackson	director	ALFRED P SLOAN FOUNDATION, 630 FIFTH AVENUE SUITE 2550, NEW YORK NY 10111-0242
Mark A Bashforth	officer: CEO and President of USSI	C/O ACORN ENERGY, INC., 3903 CENTERVILLE ROAD, WILMINGTON DE 19807
Andy Sassine	director	82 DEVONSHIRE STREET, BOSTON MA 02109
Mckee Robert E Iii	director	14927 SANDALFOOT, HOUSTON TX 77095
Deena Redding	officer: President of OmniMetrix, LLC	OMNIMETRIX, LLC, 5225 BELLE WOOD COURT, BUFORD GA 30518