ITM Power (ITM Power) Cash And Cash Equivalents : $309.07 Mil (As of Oct. 2023)

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What is ITM Power Cash And Cash Equivalents?

ITM Power's quarterly cash and cash equivalents declined from Oct. 2022 ($360.25 Mil) to Apr. 2023 ($351.88 Mil) but then stayed the same from Apr. 2023 ($351.88 Mil) to Oct. 2023 ($309.07 Mil).

ITM Power's annual cash and cash equivalents increased from Apr. 2021 ($243.88 Mil) to Apr. 2022 ($473.33 Mil) but then declined from Apr. 2022 ($473.33 Mil) to Apr. 2023 ($351.88 Mil).

ITM Power Cash And Cash Equivalents Historical Data

The historical data trend for ITM Power'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.

ITM Power Cash And Cash Equivalents Chart

ITM Power Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash And Cash Equivalents

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6.74

49.59

243.88

473.33

351.88

ITM Power Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash And Cash Equivalents	Get a 7-Day Free Trial															224.98	473.33	360.25	351.88	309.07

ITM Power 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.

ITM Power (OTCPK:ITMPF) 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.

ITM Power Cash And Cash Equivalents Related Terms

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ITM Power (ITM Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITM Power PLC (OTCPK:ITMPF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

ITM.GB:UK ITM:UK IJ8:Germany

Address

2 Bessemer Park, Shepcote Lane, Sheffield, GBR, S9 1DZ

Website

https://www.itm-power.com

ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.

ITM Power (ITM Power) Headlines

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ITM Power: Energy for the Green Economy

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