Arecor Therapeutics (LSE:AREC) Cash And Cash Equivalents : £5.09 Mil (As of Dec. 2023)

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What is Arecor Therapeutics Cash And Cash Equivalents?

Arecor Therapeutics's quarterly cash and cash equivalents increased from Dec. 2022 (£4.77 Mil) to Jun. 2023 (£6.61 Mil) but then stayed the same from Jun. 2023 (£6.61 Mil) to Dec. 2023 (£5.09 Mil).

Arecor Therapeutics's annual cash and cash equivalents declined from Dec. 2021 (£18.32 Mil) to Dec. 2022 (£4.77 Mil) but then increased from Dec. 2022 (£4.77 Mil) to Dec. 2023 (£5.09 Mil).

Arecor Therapeutics Cash And Cash Equivalents Historical Data

The historical data trend for Arecor Therapeutics'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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Arecor Therapeutics Cash And Cash Equivalents Chart

Arecor Therapeutics Annual Data

Trend

May17

May18

May19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3.45

2.90

18.32

4.77

5.09

Arecor Therapeutics Semi-Annual Data
	May18	May19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial					18.32	13.72	4.77	6.61	5.09

Arecor Therapeutics 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.

Arecor Therapeutics (LSE:AREC) 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.

Arecor Therapeutics Cash And Cash Equivalents Related Terms

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Arecor Therapeutics (LSE:AREC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Arecor Therapeutics PLC (LSE:AREC) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

6UI:Germany

Address

Chesterford Research Park, Little Chesterford, Saffron Walden, GBR, CB10 1XL

Website

https://www.arecor.com

Arecor Therapeutics PLC is a focused biopharmaceutical company. The company is transforming patient care by bringing innovative medicines to market through the enhancement of existing therapeutic products. By applying an innovative proprietary formulation technology platform, Aresta. It is developing a portfolio of proprietary products in diabetes and other indications and working with pharmaceutical and biotechnology companies to deliver enhanced reformulations of their therapies. Geographically, it operates in the UK, Switzerland, the Rest of Europe, the USA, India, and the Rest of the World, out of which the majority is from the UK.