Ascent Solar Technologies (Ascent Solar Technologies) Cash And Cash Equivalents : $1.05 Mil (As of Dec. 2023)

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What is Ascent Solar Technologies Cash And Cash Equivalents?

Ascent Solar Technologies's quarterly cash and cash equivalents increased from Jun. 2023 ($0.91 Mil) to Sep. 2023 ($2.25 Mil) but then stayed the same from Sep. 2023 ($2.25 Mil) to Dec. 2023 ($1.05 Mil).

Ascent Solar Technologies's annual cash and cash equivalents increased from Dec. 2021 ($5.96 Mil) to Dec. 2022 ($11.48 Mil) but then declined from Dec. 2022 ($11.48 Mil) to Dec. 2023 ($1.05 Mil).

Ascent Solar Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Ascent Solar Technologies'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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Ascent Solar Technologies Cash And Cash Equivalents Chart

Ascent Solar Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.17

5.96

11.48

1.05

Ascent Solar Technologies 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															11.48	6.34	0.91	2.25	1.05

Ascent Solar Technologies 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.

Ascent Solar Technologies (NAS:ASTI) 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.

Ascent Solar Technologies Cash And Cash Equivalents Related Terms

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Ascent Solar Technologies (Ascent Solar Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ascent Solar Technologies Inc (NAS:ASTI) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

12300 Grant Street, Thornton, CO, USA, 80241

Website

http://www.ascentsolar.com

Ascent Solar Technologies Inc is engaged in the manufacturing and selling of photovoltaic products (PV) solar modules that are flexible, durable, and possess attractive power-to-weight and power-to-area performance. The company is integrating its PV products into scalable and high-value markets such as agrivoltaics, aerospace, satellites, near-earth orbiting vehicles, and fixed-wing unmanned aerial vehicles (UAV). Ascent is also working to expand its portable solar chargers, such as the XD-12. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and e-commerce companies.

Executives

Reynolds T. Forrest	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Peterson David Theodore Jr	director	15332 ANTIOCH STREET, #434, PACIFIC PALISADES CA 90272
Paul P. Warley	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Louis C. Berezovsky	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Gregory C Thompson	director	1000 ABERNATHY ROAD N.E., STE 1200, ATLANTA GA 30328
Jin H. Jo	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Bobby Gulati	officer: Chief Operating Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Arion Agrophotovoltaic Private Ltd	10 percent owner	45, NORTH CANAL ROAD, #01-01 LEW BUILDING, . U0 059301
Bd1 Investment Holding, Llc	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901
Lucro Investments Vcc - Esg Opportunities Fund	10 percent owner	10 ANSON ROAD, #16-06 INTERNATIONAL PLAZA, SINGAPORE U0 079903
Jeffrey Max	officer: Chief Executive Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Michael J. French	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Felix T. Mantke	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Ag Tubesolar	10 percent owner	BERLINER ALLEE 65, AUGSBURG 2M 86153
Johannes Kuhn	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901