Virgin Galactic Holdings (MIL:1SPCE) Cash And Cash Equivalents : €155.30 Mil (As of Sep. 2024)

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What is Virgin Galactic Holdings Cash And Cash Equivalents?

Virgin Galactic Holdings's quarterly cash and cash equivalents declined from Mar. 2024 (€179.80 Mil) to Jun. 2024 (€169.37 Mil) but then stayed the same from Jun. 2024 (€169.37 Mil) to Sep. 2024 (€155.30 Mil).

Virgin Galactic Holdings's annual cash and cash equivalents declined from Dec. 2021 (€464.17 Mil) to Dec. 2022 (€285.36 Mil) and declined from Dec. 2022 (€285.36 Mil) to Dec. 2023 (€198.81 Mil).

Virgin Galactic Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Virgin Galactic Holdings'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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Virgin Galactic Holdings Cash And Cash Equivalents Chart

Virgin Galactic Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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432.40

547.39

464.17

285.36

198.81

Virgin Galactic Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															216.48	198.81	179.80	169.37	155.30

Virgin Galactic Holdings 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.

Virgin Galactic Holdings (MIL:1SPCE) 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.

Virgin Galactic Holdings Cash And Cash Equivalents Related Terms

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Virgin Galactic Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Virgin Galactic Holdings Inc (MIL:1SPCE) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

SPCE:USA SPCE:Mexico 0QL0:Germany

Address

1700 Flight Way, Tustin, CA, USA, 92782

Website

https://www.virgingalactic.com

Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using technologies, the company is developing a spaceflight system designed to offer its customers a multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.

Virgin Galactic Holdings Headlines

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