Symphony Environmental Technologies (Symphony Environmental Technologies) Cash And Cash Equivalents : $1.47 Mil (As of Jun. 2023)

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What is Symphony Environmental Technologies Cash And Cash Equivalents?

Symphony Environmental Technologies's quarterly cash and cash equivalents increased from Jun. 2022 ($0.62 Mil) to Dec. 2022 ($1.40 Mil) and increased from Dec. 2022 ($1.40 Mil) to Jun. 2023 ($1.47 Mil).

Symphony Environmental Technologies's annual cash and cash equivalents declined from Dec. 2020 ($1.87 Mil) to Dec. 2021 ($1.17 Mil) but then increased from Dec. 2021 ($1.17 Mil) to Dec. 2022 ($1.40 Mil).

Symphony Environmental Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Symphony Environmental Technologies'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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Symphony Environmental Technologies Cash And Cash Equivalents Chart

Symphony Environmental Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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0.47

1.52

1.87

1.17

1.40

Symphony Environmental Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.86	1.17	0.62	1.40	1.47

Symphony Environmental Technologies 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.

Symphony Environmental Technologies (OTCPK:SETPY) 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.

Symphony Environmental Technologies Cash And Cash Equivalents Related Terms

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Symphony Environmental Technologies (Symphony Environmental Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Symphony Environmental Technologies PLC (OTCPK:SETPY) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SYM:UK XP7:Germany

Address

6 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, GBR, WD6 1JD

Website

https://www.symphonyenvironmental.com

Symphony Environmental Technologies PLC develops and markets environmental plastic products. It has developed a protective plastic technology under the d2p (designed to protect) brand, which offers extra protection from bacteria, insects, fungi, algae, odor, fouling, and fire. Its products include d2w a masterbatch system that turns ordinary plastic into a material with a different molecular structure, d2Detector is a portable XRF that determines whether a plastic product contains d2w, d2p offers extra protection to plastic product, and d2t offers a tracer system to determine the authenticity of plastic packaging and other plastic products. Its geographic areas are the United Kingdom, Europe, the Americas, the Middle East and Asia, and Africa.

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