ProKidney (MEX:PROK) Cash And Cash Equivalents : MXN1,400.54 Mil (As of Mar. 2024)

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What is ProKidney Cash And Cash Equivalents?

ProKidney's quarterly cash and cash equivalents declined from Sep. 2023 (MXN3,333.79 Mil) to Dec. 2023 (MXN1,029.47 Mil) but then increased from Dec. 2023 (MXN1,029.47 Mil) to Mar. 2024 (MXN1,400.54 Mil).

ProKidney's annual cash and cash equivalents increased from Dec. 2021 (MXN421.73 Mil) to Dec. 2022 (MXN9,557.95 Mil) but then declined from Dec. 2022 (MXN9,557.95 Mil) to Dec. 2023 (MXN1,029.47 Mil).

ProKidney Cash And Cash Equivalents Historical Data

The historical data trend for ProKidney'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.

ProKidney Cash And Cash Equivalents Chart

ProKidney Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

91.07

421.73

9,557.95

1,029.47

ProKidney Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial									4,896.22	4,175.45	3,333.79	1,029.47	1,400.54

ProKidney 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.

ProKidney (MEX:PROK) 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.

ProKidney Cash And Cash Equivalents Related Terms

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ProKidney (MEX:PROK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » ProKidney Corp (MEX:PROK) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

PROK:USA

Address

2000 Frontis Plaza Boulevard, Suite 250, Winston-Salem, NC, USA, 27103

Website

https://www.prokidney.com

ProKidney Corp is a clinical-stage biotechnology company with a transformative proprietary cell therapy platform capable of treating multiple chronic kidney diseases using a patient's own cells isolated from the patient intended for treatment. Its lead product candidate, REACT (Renal Autologous Cell Therapy) is a disease-modifying cell therapy made from a patient's own renal cells. REACT has the potential to slow and stabilize the progression of chronic kidney disease.