What is Lexeo Therapeutics Cash And Cash Equivalents?
Lexeo Therapeutics's quarterly cash and cash equivalents
increased
from Sep. 2023 ($35.45 Mil) to Dec. 2023 ($121.47 Mil) and
increased
from Dec. 2023 ($121.47 Mil) to Mar. 2024 ($195.06 Mil).
Lexeo Therapeutics's annual cash and cash equivalents
declined
from Dec. 2021 ($135.86 Mil) to Dec. 2022 ($77.34 Mil) but then
increased
from Dec. 2022 ($77.34 Mil) to Dec. 2023 ($121.47 Mil).
Lexeo Therapeutics Cash And Cash Equivalents Historical Data
The historical data trend for Lexeo 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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Lexeo Therapeutics Cash And Cash Equivalents Chart
Lexeo 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.
Lexeo Therapeutics (NAS:LXEO) 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.
Lexeo Therapeutics Cash And Cash Equivalents Related Terms
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Lexeo Therapeutics (Lexeo Therapeutics) Business Description
Lexeo Therapeutics Inc is a a clinical-stage genetic medicines company dedicated to transforming healthcare by applying pioneering science to fundamentally change how disease is treated. Its pipeline consists of candidates targeting patient populations that place significant burden on society and are most amenable to their genetic medicine approach. The Company is focused on preclinical and clinical stage gene therapies, and specifically on hereditary and acquired diseases of high unmet need which is their only business segment.
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