What is Global Blood Therapeutics Cash, Cash Equivalents, Marketable Securities?
Global Blood Therapeutics's quarterly cash, cash equivalents, marketable securities
declined
from Dec. 2021 ($684.72 Mil) to Mar. 2022 ($553.42 Mil) but then
stayed the same
from Mar. 2022 ($553.42 Mil) to Jun. 2022 ($517.16 Mil).
Global Blood Therapeutics's annual cash, cash equivalents, marketable securities
declined
from Dec. 2019 ($609.97 Mil) to Dec. 2020 ($560.89 Mil) but then
increased
from Dec. 2020 ($560.89 Mil) to Dec. 2021 ($684.72 Mil).
Global Blood Therapeutics Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Global Blood Therapeutics'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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Global Blood Therapeutics Cash, Cash Equivalents, Marketable Securities Chart
Global Blood Therapeutics 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.
Global Blood Therapeutics (NAS:GBT) 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.
Global Blood Therapeutics Cash, Cash Equivalents, Marketable Securities Related Terms
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Global Blood Therapeutics (Global Blood Therapeutics) Business Description
Global Blood Therapeutics Inc operates in the healthcare sector of the United States. It discovers and develops novel therapeutics to address blood-based disorders. GBT440, its lead drug candidate targets the underlying mechanism of red blood cell (RBC) sickling, which provides the potential to treat sickle cell disease. GBT440. an oral, once-daily therapy arrests abnormal hemoglobin polymerization, the underlying mechanism of RBC sickling. In addition, the company is engaged in other research and development activities targeted at hereditary angioedema and owns exclusively licensed rights to its portfolio of product candidates in the United States, Europe, and other major markets.
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