SMTK (SmartKem) Cash And Cash Equivalents : $1.78 Mil (As of Sep. 2024)

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What is SmartKem Cash And Cash Equivalents?

SmartKem's quarterly cash and cash equivalents declined from Mar. 2024 ($7.25 Mil) to Jun. 2024 ($4.35 Mil) but then stayed the same from Jun. 2024 ($4.35 Mil) to Sep. 2024 ($1.78 Mil).

SmartKem's annual cash and cash equivalents declined from Dec. 2021 ($12.23 Mil) to Dec. 2022 ($4.24 Mil) but then increased from Dec. 2022 ($4.24 Mil) to Dec. 2023 ($8.84 Mil).

SmartKem Cash And Cash Equivalents Historical Data

The historical data trend for SmartKem'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.

SmartKem Cash And Cash Equivalents Chart

SmartKem Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.76

12.23

4.24

8.84

SmartKem Quarterly Data
	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													11.21	8.84	7.25	4.35	1.78

SmartKem 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.

SmartKem (NAS:SMTK) 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.

SmartKem Cash And Cash Equivalents Related Terms

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SmartKem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SmartKem Inc (NAS:SMTK) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Delaunays Road, Manchester Technology Center, Hexagon Tower, Blackley, Manchester, GBR, M9 8GQ

Website

https://www.smartkem.com

SmartKem Inc focuses on the design, development, industrialization, and technology transfer of low-temperature, solution-deposited organic semiconductors for transistor backplanes. The company's semiconductor platform can be used in a number of applications including mini-LED displays, AMOLED displays, fingerprint sensors, and logic circuits. The company derives revenue from the sale of TRUFLEX inks and demonstration products.

Executives

Sriram Krishnamurthy Peruvemba	director	12251 TOLUCA DRIVE, SAN RAMON CA 94583
Nigel Prue	officer: Chief Accounting Officer	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Steven Denbaars	director	9805 NORTHCROSS CENTER CT, SUITE H, HUNTERSVILLE NC 28078
Simon P. King	director	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Barbra Keck	director	C/O DELCATH SYSTEMS, INC., 600 FIFTH AVENUE, NEW YORK NY 10020
Robert Bahns	director, officer: Chief Financial Officer	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Boer Klaas De	director	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Ian Jenks	director, officer: Chairman & CEO	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Simon Ogier	officer: Chief Technology Officer	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Beverley Brown	officer: Chief Scientist	C/O SMARTKEM, INC., HEXAGON TOWER, DELAUNAYS ROAD, BLACKLEY, MANCHESTER X0 M9 8GQ
Mark N. Tompkins	other: Former Director and 10% Owner	APP. 1, VIA GUIDINO 23, LUGANO-PARADISO V8 6900
Entrepreneurs Fund Lp	10 percent owner	2ND FLOOR, WINDWARD HOUSE, LA ROUTE DE LA LIBERATION, ST. HELIER Y9 JE2 3BQ
Entrepreneurs Fund General Partner Ltd	10 percent owner	2ND FLOOR WINWARD HOUSE, LA ROUTE DE LA LIBERATION, ST. HELIER Y9 JE2 3BQ
Ian Seth Jacobs	other: Former Officer and Director	2255 GLADES RD., SUITE 324A, BOCA RATON FL 33431
Octopus Titan Vct Plc	10 percent owner	33 HOBORN, LONDON X0 EC1N 2HT