Ikonics (Ikonics) Cash And Cash Equivalents : $1.50 Mil (As of Sep. 2021)

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What is Ikonics Cash And Cash Equivalents?

Ikonics's quarterly cash and cash equivalents declined from Mar. 2021 ($4.43 Mil) to Jun. 2021 ($2.26 Mil) but then stayed the same from Jun. 2021 ($2.26 Mil) to Sep. 2021 ($1.50 Mil).

Ikonics's annual cash and cash equivalents declined from Dec. 2018 ($1.62 Mil) to Dec. 2019 ($0.96 Mil) but then increased from Dec. 2019 ($0.96 Mil) to Dec. 2020 ($3.69 Mil).

Ikonics Cash And Cash Equivalents Historical Data

The historical data trend for Ikonics'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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Ikonics Cash And Cash Equivalents Chart

Ikonics Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash And Cash Equivalents

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1.05

0.93

1.62

0.96

3.69

Ikonics Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Cash And Cash Equivalents	Get a 7-Day Free Trial															3.50	3.69	4.43	2.26	1.50

Ikonics 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.

Ikonics (NAS:IKNX) 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.

Ikonics Cash And Cash Equivalents Related Terms

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Ikonics (Ikonics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ikonics Corp (NAS:IKNX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

4832 Grand Avenue, Duluth, MN, USA, 55807

Website

https://www.ikonics.com

Ikonics Corp is engaged in the development, manufacturing, and selling of photosensitive liquids and films for the screen printing, awards and recognition industries. It has four segments. Chromaline, which is the key revenue driver, sells screen printing film, emulsions, and inkjet receptive film primarily to distributors and some end users. IKONICS Imaging sells photo resistant film, art supplies, glass, and related abrasive etching equipment. Advanced Material Solutions provides sound deadening and weight reduction technology to the aerospace industry and products for etched composites, ceramics, glass, and silicon wafers. Digital Texturing Technology includes products related to patented and proprietary inkjet technology used for mold texturing and prototyping.

Executives

William C Ulland	director, 10 percent owner
Joseph R Nerges	10 percent owner, other: Confidentiality agreement	1726 BUNDY ST, SCRANTON PA 18508
Kenneth D. Hegman	officer: Chief Operating Officer	2202 FREDERICK STREET, DULUTH MN 55803
Glenn Sandgren	director, officer: Chief Executive Officer	4832 GRAND AVENUE, DULUTH MN 55807
Darrell B Lee	director	C/O MOCON, INC., 7500 BOONE AVENUE NORTH, MINNEAPOLIS MN 55428
Harper Ernest M. Jr	director	3016 EMERSON AVE S, MINNEAPOLIS MN 55408
Gregory W. Jackson	director	4832 GRAND AVENUE, DULUTH MN 55807
Marianne Bohren	director	4832 GRAND AVENUE, DULUTH MN 55807
David O Harris	director
Gerald W Simonson	director	7260 COMMERCE CIRCLE EAST, MINNEAPOLIS MN 55432
D Jeffrey Engbrecht	director	4832 GRAND AVENUE, DULUTH MN 55807
Karl G. Shaw	officer: Chief Technology Officer	307 E. 3RD STREET, APT 74, DULUTH MN 55805
Rondi Erickson	director
H Leigh Severance	director	100 FILMORE ST, STE 300, DENVER CO 80206
Lockwood Carlson	director	4832 GRAND AVENUE, DULUTH MN 55807