ISPR (Ispire Technology) Cash And Cash Equivalents : $34.4 Mil (As of Dec. 2024)

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What is Ispire Technology Cash And Cash Equivalents?

Ispire Technology's quarterly cash and cash equivalents increased from Jun. 2024 ($35.07 Mil) to Sep. 2024 ($37.73 Mil) but then stayed the same from Sep. 2024 ($37.73 Mil) to Dec. 2024 ($34.37 Mil).

Ispire Technology's annual cash and cash equivalents declined from Jun. 2022 ($74.48 Mil) to Jun. 2023 ($40.30 Mil) and declined from Jun. 2023 ($40.30 Mil) to Jun. 2024 ($35.07 Mil).

Ispire Technology Cash And Cash Equivalents Historical Data

The historical data trend for Ispire Technology'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.

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Ispire Technology Cash And Cash Equivalents Chart

Ispire Technology Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

85.25

74.48

40.30

35.07

Ispire Technology Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial								17.50	39.45	35.07	37.73	34.37

Ispire Technology 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.

Ispire Technology (NAS:ISPR) 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.

Ispire Technology Cash And Cash Equivalents Related Terms

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Ispire Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Ispire Technology Inc (NAS:ISPR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

19700 Magellan Drive, Los Angeles, CA, USA, 90502

Website

https://www.ispiretechnology.com

Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company sells its cannabis vaping in the United States, Europe, Canada, and South Africa.

Executives

Daniel J. Machock	officer: Chief Financial Officer	19700 MAGELLAN DRIVE, LOS ANGELESC CA 90502
Christopher Robert Burch	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jeffrey Doiron	officer: Chief Revenue Officer	3606 W MAGNOLIA BLVD, BURBANK CA 91505
John Fargis	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Joel Paritz	director	204 MAIN STREET, FORT LEE NJ 07024
Lauren Stower	officer: Chief Impact Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Brent Cox	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Ted Rouhani	officer: Chief Operating Officer	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Michael Xue Wang	officer: CHIEF FINANCIAL OFFICER	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Tuanfang Liu	director, 10 percent owner, officer: CEO and Chairman	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Jiangyan Zhu	director	19700 MAGELLAN DRIVE, LOS ANGELES CA 90502
Pride Worldwide Investment Ltd	10 percent owner	14 JIANAN ROAD, TANGWEI FUYONG TOWN GUANGDONG PROVINCE, SHENZHEN F4 000000