PCI Biotech Holding ASA (LTS:0JGL) Cash And Cash Equivalents : kr45.58 Mil (As of Jun. 2023)

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What is PCI Biotech Holding ASA Cash And Cash Equivalents?

PCI Biotech Holding ASA's quarterly cash and cash equivalents declined from Dec. 2022 (kr55.97 Mil) to Mar. 2023 (kr51.12 Mil) but then stayed the same from Mar. 2023 (kr51.12 Mil) to Jun. 2023 (kr45.58 Mil).

PCI Biotech Holding ASA's annual cash and cash equivalents declined from Dec. 2021 (kr115.18 Mil) to Dec. 2022 (kr55.97 Mil) and declined from Dec. 2022 (kr55.97 Mil) to Dec. 2023 (kr40.80 Mil).

PCI Biotech Holding ASA Cash And Cash Equivalents Historical Data

The historical data trend for PCI Biotech Holding ASA'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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PCI Biotech Holding ASA Cash And Cash Equivalents Chart

PCI Biotech Holding ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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259.98

187.17

115.18

55.97

40.80

PCI Biotech Holding ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															67.22	55.97	51.12	45.58	40.80

PCI Biotech Holding ASA 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.

PCI Biotech Holding ASA (LTS:0JGL) 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.

PCI Biotech Holding ASA Cash And Cash Equivalents Related Terms

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PCI Biotech Holding ASA (LTS:0JGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » PCI Biotech Holding ASA (LTS:0JGL) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

PCIB:Norway 4QG:Germany

Address

Ullernchausseen 64, Oslo, NOR, N-0379

Website

https://www.pcibiotech.com

PCI Biotech Holding ASA is a biopharmaceutical company. It focuses on developing and commercializing therapies for the treatment of cancer through its photochemical internalization (PCI) technology platform. The PCI technology works by inducing light-triggered endosomal release. PCI is applied to three distinct anticancer paradigms; fimaCHEM which is an enhancement of chemotherapeutics for localized treatment of cancer, fimaVACC which is T-cell induction technology for therapeutic vaccination, and fimaNAc which is nucleic acid therapeutics delivery. Its therapeutic product candidate is the photosensitizer fimaporfin (Amphinex) which can unlock the intracellular capsules where active compounds are trapped.

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