Richtech Robotics (Richtech Robotics) Cash And Cash Equivalents : $8.20 Mil (As of Mar. 2024)

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What is Richtech Robotics Cash And Cash Equivalents?

Richtech Robotics's quarterly cash and cash equivalents increased from Sep. 2023 ($0.43 Mil) to Dec. 2023 ($7.54 Mil) and increased from Dec. 2023 ($7.54 Mil) to Mar. 2024 ($8.20 Mil).

Richtech Robotics's annual cash and cash equivalents declined from Sep. 2021 ($1.35 Mil) to Sep. 2022 ($0.33 Mil) but then increased from Sep. 2022 ($0.33 Mil) to Sep. 2023 ($0.43 Mil).

Richtech Robotics Cash And Cash Equivalents Historical Data

The historical data trend for Richtech Robotics'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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Richtech Robotics Cash And Cash Equivalents Chart

Richtech Robotics Annual Data

Trend

Sep21

Sep22

Sep23

Cash And Cash Equivalents

1.35

0.33

0.43

Richtech Robotics Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial						0.45	0.56	0.43	7.54	8.20

Richtech Robotics 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.

Richtech Robotics (NAS:RR) 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.

Richtech Robotics Cash And Cash Equivalents Related Terms

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Richtech Robotics (Richtech Robotics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Richtech Robotics Inc (NAS:RR) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

4175 Cameron Street, Suite 1, Las Vegas, NV, USA, 89103

Website

https://www.richtechrobotics.com

Richtech Robotics Inc is a developer of new robotic technologies focused on transforming labor-intensive services in hospitality and other sectors currently experiencing unprecedented labor shortages. The company designed, manufacture and sell robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. The company designs its robots to be friendly, customizable to client environments, and extremely reliable.

Richtech Robotics (Richtech Robotics) Headlines

From GuruFocus

Richtech Robotics Announces Joint Venture with Zipphaus to Launch Robot-Operated Cafes

By Marketwired • 04-12-2024