Connect Biopharma Holdings (Connect Biopharma Holdings) Cash, Cash Equivalents, Marketable Securities : $118.65 Mil (As of Dec. 2023)

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What is Connect Biopharma Holdings Cash, Cash Equivalents, Marketable Securities?

Connect Biopharma Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($152.42 Mil) to Jun. 2023 ($131.06 Mil) but then stayed the same from Jun. 2023 ($131.06 Mil) to Dec. 2023 ($118.65 Mil).

Connect Biopharma Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($267.72 Mil) to Dec. 2022 ($152.42 Mil) and declined from Dec. 2022 ($152.42 Mil) to Dec. 2023 ($118.65 Mil).

Connect Biopharma Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Connect Biopharma Holdings'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.

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Connect Biopharma Holdings Cash, Cash Equivalents, Marketable Securities Chart

Connect Biopharma Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

48.54

156.60

267.72

152.42

118.65

Connect Biopharma Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial				267.72	190.91	152.42	131.06	118.65

Connect Biopharma Holdings 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.

Connect Biopharma Holdings (NAS:CNTB) 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.

Connect Biopharma Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Connect Biopharma Holdings (Connect Biopharma Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Connect Biopharma Holdings Ltd (NAS:CNTB) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

12265 El Camino Real, Suite 350, San Diego, CA, USA, 92130

Website

https://www.connectbiopharm.com

Connect Biopharma Holdings Ltd is a clinical-stage company focused on the discovery and development of next-generation immune modulators for the treatment of serious autoimmune diseases and inflammation. It has leveraged its expertise in the biology of T cell modulation to build a portfolio of drug candidates consisting of small molecules and antibodies targeting critical pathways of inflammation. Its pipeline includes CBP-201, CBP-307 and CBP-174.