Odyssey Semiconductor Technologies (Odyssey Semiconductor Technologies) Cash And Cash Equivalents : $0.05 Mil (As of Dec. 2023)

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What is Odyssey Semiconductor Technologies Cash And Cash Equivalents?

Odyssey Semiconductor Technologies's quarterly cash and cash equivalents declined from Jun. 2023 ($0.63 Mil) to Sep. 2023 ($0.24 Mil) but then stayed the same from Sep. 2023 ($0.24 Mil) to Dec. 2023 ($0.05 Mil).

Odyssey Semiconductor Technologies's annual cash and cash equivalents declined from Dec. 2021 ($2.60 Mil) to Dec. 2022 ($2.43 Mil) and declined from Dec. 2022 ($2.43 Mil) to Dec. 2023 ($0.05 Mil).

Odyssey Semiconductor Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Odyssey Semiconductor Technologies'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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Odyssey Semiconductor Technologies Cash And Cash Equivalents Chart

Odyssey Semiconductor Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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0.70

0.27

2.60

2.43

0.05

Odyssey Semiconductor Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.43	1.55	0.63	0.24	0.05

Odyssey Semiconductor Technologies 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.

Odyssey Semiconductor Technologies (OTCPK:ODII) 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.

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Odyssey Semiconductor Technologies (Odyssey Semiconductor Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Odyssey Semiconductor Technologies Inc (OTCPK:ODII) » Definitions » Cash And Cash Equivalents

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Address

9 Brown Road, Ithaca, NY, USA, 14850

Website

https://www.odysseysemi.com

Odyssey Semiconductor Technologies Inc is a semiconductor device company developing revolutionary high-voltage power switching components and systems based on proprietary Gallium Nitride (GaN) processing technology. The company's GaN processing technology allows for the realization of vertical current conduction GaN devices which extends application voltages from 1,000 V to over 10,000V, allowing GaN power switching devices to extend well beyond the consumer electronics application space and into more demanding applications such as electric vehicles, industrial motor control, and energy grid applications.