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Dynatronics's quarterly cash and cash equivalents increased from Jun. 2023 ($0.40 Mil) to Sep. 2023 ($0.43 Mil) but then stayed the same from Sep. 2023 ($0.43 Mil) to Dec. 2023 ($0.40 Mil).
Dynatronics's annual cash and cash equivalents declined from Jun. 2021 ($6.10 Mil) to Jun. 2022 ($0.55 Mil) and declined from Jun. 2022 ($0.55 Mil) to Jun. 2023 ($0.40 Mil).
The historical data trend for Dynatronics'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.
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.
Dynatronics (NAS:DYNT) 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.
Thank you for viewing the detailed overview of Dynatronics's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Gabriel Ellwein | officer: Chief Financial Officer | 4782 HIGHCROFT COURT, EAGAN MN 55122 |
John Anthony Krier | director, officer: Chief Executive Officer | 319 WEST 50TH SOUTH, MINNEAPOLIS MN 55419 |
David B Holtz | director | 311 C ENTERPRISE DRIVE, PLAINSBORO NJ 08536 |
Scott Klosterman | director | |
R Scott Ward | director | 1064 S. CRESTVIEW CIRCLE, SLC VA 84108 |
Stuart Essig | 10 percent owner | 311 C ENTERPRISE DRIVE, PLAINSBORO NJ 08536 |
Erin S. Enright | director | 666 PLAINSBORO ROAD, PLAINSBORO NJ 08536 |
Brian Larkin | director | INTEGRA LIFESCIENCES CORPORATION, 311 ENTERPRISE DRIVE, PLAINSBORO NJ 08536 |
Brian D. Baker | officer: Chief Operating Officer | C/O SEASPINE HOLDINGS CORPORATION, 2302 LA MIRADA DRIVE, VISTA CA 92081 |
Provco Ventures 1 Lp | 10 percent owner | 795 E LANCASTER AVE SUITE 200, VILLANOVA PA 19085 |
Norman Iii Roegner | officer: Chief Financial Officer | 1200 TRAPP ROAD, EAGAN MN 55121 |
Skyler N Black | officer: Corporate Controller | 1448 E LEXI LN, COTTONWOOD HEIGHTS UT 84093 |
Keeler Jennifer Bennett Bennett | officer: Secretary / General Counsel | 8620 STILLWATER BLVD N, LAKE ELMO MN 55042 |
Daryl Connell | officer: Chief Information Officer | 932 MINJON DRIVE, APPLE VALLEY MN 55124 |
Cynthia L. Mchenry | officer: VP, Operations | 7030 PARK CENTRE DRIVE, COTTONWOOD HEIGHTS UT 84121 |
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