BiON (LSE:BION) Cash And Cash Equivalents : £0.48 Mil (As of Oct. 2022)

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What is BiON Cash And Cash Equivalents?

BiON's quarterly cash and cash equivalents declined from Dec. 2020 (£0.42 Mil) to Jun. 2021 (£0.18 Mil) but then increased from Jun. 2021 (£0.18 Mil) to Oct. 2022 (£0.48 Mil).

BiON's annual cash and cash equivalents declined from Sep. 2016 (£0.40 Mil) to Sep. 2017 (£0.02 Mil) and declined from Sep. 2017 (£0.02 Mil) to Dec. 2019 (£0.02 Mil).

BiON Cash And Cash Equivalents Historical Data

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

BiON Annual Data

Trend

Sep15

Sep16

Sep17

Dec19

Cash And Cash Equivalents

0.40

0.02

BiON Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Jun19	Dec19	Jun20	Dec20	Jun21	Oct22
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.02	0.06	0.42	0.18	0.48

BiON 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.

BiON (LSE:BION) 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.

BiON Cash And Cash Equivalents Related Terms

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BiON (LSE:BION) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » BiON PLC (LSE:BION) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Jalan Dutamas 1, D2-3-1 Solaris Dutamas 1, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.bionplc.com

BiON PLC and its subsidiaries are engaged in research and development, provision of professional engineering consultancy, and process design services. It provides services in the areas of industrial biotechnology, pollution control, and renewable energy; and engineering, procurement, and construction of various wastewater treatment plants/systems; and development, commercialization, operation, and maintenance of renewable energy power plants. The company operates in two business segments providing consulting and contract services to customers in the renewable energy sector and the supply of power to National Grid. The consulting and contract segment generates a vast majority of its revenues.

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