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AXT (AXTI) Cash And Cash Equivalents : $37.75 Mil (As of Dec. 2023)


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What is AXT Cash And Cash Equivalents?

AXT's quarterly cash and cash equivalents declined from Jun. 2023 ($30.09 Mil) to Sep. 2023 ($28.52 Mil) but then increased from Sep. 2023 ($28.52 Mil) to Dec. 2023 ($37.75 Mil).

AXT's annual cash and cash equivalents declined from Dec. 2021 ($36.76 Mil) to Dec. 2022 ($34.95 Mil) but then increased from Dec. 2022 ($34.95 Mil) to Dec. 2023 ($37.75 Mil).


AXT Cash And Cash Equivalents Historical Data

The historical data trend for AXT'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.

* Premium members only.

AXT Cash And Cash Equivalents Chart

AXT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash And Cash Equivalents
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.89 72.60 36.76 34.95 37.75

AXT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.95 35.44 30.09 28.52 37.75

AXT 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.


AXT  (NAS:AXTI) 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.


AXT Cash And Cash Equivalents Related Terms

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AXT (AXTI) Business Description

Industry
Traded in Other Exchanges
Address
4281 Technology Drive, Fremont, CA, USA, 94538
AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
Executives
Russell Christine director 17165 PINE STREET, LOS GATOS CA 95032
Gary L Fischer officer: Vice President, CFO & Corp Sec 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Morris S Young director, officer: Chief Executive Officer 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Jesse Chen director 18975 MONTE VISTA DR, SARATOGA CA 95070
David C Chang director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Ni-pixel director 4699 OLD IRONSIDE DRIVE, SUITE 300, SANTA CLARA CA 95054
Robert G Ochrym officer: VP Business Development 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Wilson Weicheng Lin officer: Chief Operating Officer 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Leonard J Leblanc director
Davis Zhang officer: President, JV Operations AXT, INC 4281, TECHNOLOGY DRIVE, FREMONT CA 94538
Hong Q Hou officer: Chief Operating Officer
Nai-yu Pai director 2065 ACADIA CT, CUPERTINO CA 94014
Raymond Anthony Low officer: Chief Financial Officer 25 SHADOW TREE CT, DANVILLE CA 94506
John J Cerilli officer: VP Global Sales & Marketing 4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Yin Philip C S officer: Chief Executive Officer 4281 TECHNOLOGY DRIVE, FREMONT CA 94538