OPTX (Syntec Optics Holdings) Cash And Cash Equivalents : $0.48 Mil (As of Sep. 2024)

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What is Syntec Optics Holdings Cash And Cash Equivalents?

Syntec Optics Holdings's quarterly cash and cash equivalents declined from Mar. 2024 ($1.68 Mil) to Jun. 2024 ($0.83 Mil) but then stayed the same from Jun. 2024 ($0.83 Mil) to Sep. 2024 ($0.48 Mil).

Syntec Optics Holdings's annual cash and cash equivalents declined from Dec. 2021 ($2.30 Mil) to Dec. 2022 ($0.53 Mil) but then increased from Dec. 2022 ($0.53 Mil) to Dec. 2023 ($2.16 Mil).

Syntec Optics Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Syntec Optics 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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Syntec Optics Holdings Cash And Cash Equivalents Chart

Syntec Optics Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

2.30

0.53

2.16

Syntec Optics Holdings Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial				-	2.16	1.68	0.83	0.48

Syntec Optics 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.

Syntec Optics Holdings (NAS:OPTX) 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.

Syntec Optics Holdings Cash And Cash Equivalents Related Terms

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Syntec Optics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syntec Optics Holdings Inc (NAS:OPTX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 Lee Road, Rochester, NY, USA, 14606

Website

https://www.syntecoptics.com

Syntec Optics Holdings Inc is vertically integrated from design and component manufacturing for lens system assembly to imaging module integration for system solutions. Making its tools, molding, and nano machining allows close interaction and recut ability, enabling special techniques to hold tolerances to sub-micron levels. It has steadily developed a variety of other complementary manufacturing techniques to provide a wide suite of horizontal capabilities including thin film deposition coatings, glass molding, polymer molding, tool-making, mechanical manufacturing, and nano machining.

Executives

Brent David Rosenthal	director	C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Albert Manzone	director	C/O MERISANT, AVENUE JEAN-JACQUES ROUSSEAU 7, NEUCHATEL V8 CH-2000
Walter A. Bishop	director	813 REGENT DRIVE, WESTBURY NY 11590
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
James M. Jenkins	director	1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Kent R Weldon	director	C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Brian F. Hughes	director	124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Mark D Norman	director	C/O ZIPCAR, INC., 25 FIRST STREET, 4TH FLOOR, CAMBRIDGE MA 02141
Skylar Jacobs	officer: Chief Operating Officer	1 IRVING TERRACE, CAMBRIDGE MA 02138
Nelson Robert O Ii	officer: CFO and Secretary	29 HIDDEN ROAD, WESTON MA 02493
Alok Kapoor	director, 10 percent owner, officer: Chairman and CEO	157 BEAVER, WESTON MA 02493