Mynaric AG (FRA:M0YN) Cash, Cash Equivalents, Marketable Securities : €23.96 Mil (As of Dec. 2023)

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What is Mynaric AG Cash, Cash Equivalents, Marketable Securities?

Mynaric AG's quarterly cash, cash equivalents, marketable securities increased from Dec. 2022 (€10.24 Mil) to Jun. 2023 (€47.25 Mil) but then stayed the same from Jun. 2023 (€47.25 Mil) to Dec. 2023 (€23.96 Mil).

Mynaric AG's annual cash, cash equivalents, marketable securities declined from Dec. 2021 (€48.19 Mil) to Dec. 2022 (€10.24 Mil) but then increased from Dec. 2022 (€10.24 Mil) to Dec. 2023 (€23.96 Mil).

Mynaric AG Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Mynaric AG's Cash, Cash Equivalents, Marketable Securities 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.

* Premium members only.

Mynaric AG Cash, Cash Equivalents, Marketable Securities Chart

Mynaric AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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10.68

43.20

48.19

10.24

23.96

Mynaric AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								48.19	34.19	10.24	47.25	23.96

Mynaric AG Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Mynaric AG (FRA:M0YN) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Mynaric AG Cash, Cash Equivalents, Marketable Securities Related Terms

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Mynaric AG (FRA:M0YN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mynaric AG (FRA:M0YN) » Definitions » Cash, Cash Equivalents, Marketable Securities

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MYNA:USA MOYFF:USA M0YN:Germany

Address

Dornierstrasse 19, Gilching, BY, DEU, 82205

Website

https://www.mynaric.com

Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminal. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eye, satellite constellations, earth observation satellites, and others. Geographically, the majority is from the United States.

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