Arena Pharmaceuticals (FRA:RN3N) Cash And Cash Equivalents : €198.75 Mil (As of Dec. 2021)

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What is Arena Pharmaceuticals Cash And Cash Equivalents?

Arena Pharmaceuticals's quarterly cash and cash equivalents declined from Jun. 2021 (€426.77 Mil) to Sep. 2021 (€328.66 Mil) but then stayed the same from Sep. 2021 (€328.66 Mil) to Dec. 2021 (€198.75 Mil).

Arena Pharmaceuticals's annual cash and cash equivalents declined from Dec. 2019 (€218.95 Mil) to Dec. 2020 (€180.47 Mil) but then increased from Dec. 2020 (€180.47 Mil) to Dec. 2021 (€198.75 Mil).

Arena Pharmaceuticals Cash And Cash Equivalents Historical Data

The historical data trend for Arena Pharmaceuticals'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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Arena Pharmaceuticals Cash And Cash Equivalents Chart

Arena Pharmaceuticals Annual Data

Trend

Dec12

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Dec18

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Dec21

Cash And Cash Equivalents

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134.22

141.55

218.95

180.47

198.75

Arena Pharmaceuticals Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Cash And Cash Equivalents	Get a 7-Day Free Trial															180.47	363.70	426.77	328.66	198.75

Arena Pharmaceuticals 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.

Arena Pharmaceuticals (FRA:RN3N) 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.

Arena Pharmaceuticals Cash And Cash Equivalents Related Terms

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Arena Pharmaceuticals (FRA:RN3N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Arena Pharmaceuticals Inc (FRA:RN3N) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

136 Heber Avenue, Suite 204, Park City, UT, USA, 84060

Website

https://www.arenapharm.com

Arena Pharmaceuticals is a biotechnology company targeting G-protein-coupled receptors. The company has one internally discovered drug, lorcaserin, which has been approved and is marketed in the U.S. and South Korea to target weight management. It is commercialized under the brand name Belviq. The company is collaborating with Eisai to market Belviq in other countries. It has a presence in Europe through its Swiss subsidiary, Arena GmbH. The company's pipeline contains drugs targeting autoimmune diseases, vascular diseases, thrombotic diseases, dementia-associated psychosis, nervous system issues, and pain.

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