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AgEagle Aerial Systems's quarterly cash and cash equivalents declined from Jun. 2023 ($4.20 Mil) to Sep. 2023 ($1.60 Mil) but then stayed the same from Sep. 2023 ($1.60 Mil) to Dec. 2023 ($0.82 Mil).
AgEagle Aerial Systems's annual cash and cash equivalents declined from Dec. 2021 ($14.59 Mil) to Dec. 2022 ($4.35 Mil) and declined from Dec. 2022 ($4.35 Mil) to Dec. 2023 ($0.82 Mil).
The historical data trend for AgEagle Aerial Systems'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.
AgEagle Aerial Systems Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 0.72 | 23.94 | 14.59 | 4.35 | 0.82 |
AgEagle Aerial Systems 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 | 4.35 | 2.85 | 4.20 | 1.60 | 0.82 |
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.
AgEagle Aerial Systems (AMEX:UAVS) 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.
Thank you for viewing the detailed overview of AgEagle Aerial Systems's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Barrett Mooney | director, officer: Chairman and CEO | C/O AGEAGLE AERIAL SYSTEMS, INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226 |
Nicole M. Fernandez-mcgovern | officer: Chief Financial Officer | C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226 |
Kelly Anderson | director | C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 9454 WILSHIRE BLVD., R-1, BEVERLY HILLS CA 90212 |
Grant A Begley | director | 420 ROYAL PALM WAY, SUITE 100, PALM BEACH FL 33480 |
Thomas J Gardner | director | C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4TH STREET, NEODESHA KS 66757 |
Michael D O'sullivan | officer: Chief Commercial Officer | C/O AGEAGLE AERIAL SYSTEMS, INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226 |
Luisa Ingargiola | director | 4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683 |
Bret Chilcott | director, officer: CEO, President, Secretary | C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4TH STREET, NEODESHA KS 66757 |
Michael Drozd | officer: Chief Executive Officer | 117 S. 4TH STREET, NEODESHA KS 66757 |
Kull Corbett | director | C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4 STREET, NEODESHA KS 66757 |
Louis G Schott | officer: Chief Financial Officer | 4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209 |
Scott R Burell | director | 6500 HARBOUR HEIGHTS PKWY #303, MUKILTEO WA 98275 |
Lindsay Katrina Edwards | director | C/O AGEAGLE AERIAL SYSTEMS, INC., 117 SOUTH 4TH STREET, NEODESHA KS 66757 |
Kent Roach | officer: Executive Vice President | 4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209 |
David L Kunovic | officer: Vice President of Exploration | 4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209 |
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