ANGLE (LSE:AGL) Cash And Cash Equivalents : £16.22 Mil (As of Dec. 2023)

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What is ANGLE Cash And Cash Equivalents?

ANGLE's quarterly cash and cash equivalents declined from Dec. 2022 (£31.90 Mil) to Jun. 2023 (£22.16 Mil) but then stayed the same from Jun. 2023 (£22.16 Mil) to Dec. 2023 (£16.22 Mil).

ANGLE's annual cash and cash equivalents increased from Dec. 2021 (£31.84 Mil) to Dec. 2022 (£31.90 Mil) but then declined from Dec. 2022 (£31.90 Mil) to Dec. 2023 (£16.22 Mil).

ANGLE Cash And Cash Equivalents Historical Data

The historical data trend for ANGLE'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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ANGLE Cash And Cash Equivalents Chart

ANGLE Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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11.01

12.08

31.84

31.90

16.22

ANGLE Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															31.84	20.50	31.90	22.16	16.22

ANGLE 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.

ANGLE (LSE:AGL) 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.

ANGLE Cash And Cash Equivalents Related Terms

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ANGLE (LSE:AGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » ANGLE PLC (LSE:AGL) » Definitions » Cash And Cash Equivalents

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ANPCY:USA ANPCF:USA DWV:Germany

Address

10 Nugent Road, The Surrey Research Park, Surrey, Guildford, GBR, GU2 7AF

Website

https://www.angleplc.com

ANGLE PLC is active in the healthcare sector in the United Kingdom. It is a medical diagnostic company specializing in the development of pioneering products in cancer diagnostics. Its patented Parsortix technology can potentially treat and diagnose various forms of cancer. The Parsortix system can capture and harvest CTCs from patient blood. Its geographical segments include Europe and North America, of which majority of its revenue is generated from Europe.