Spectral Medical (TSX:EDT) Cash And Cash Equivalents : C$7.54 Mil (As of Jun. 2024)

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What is Spectral Medical Cash And Cash Equivalents?

Spectral Medical's quarterly cash and cash equivalents declined from Dec. 2023 (C$2.95 Mil) to Mar. 2024 (C$2.07 Mil) but then increased from Mar. 2024 (C$2.07 Mil) to Jun. 2024 (C$7.54 Mil).

Spectral Medical's annual cash and cash equivalents declined from Dec. 2021 (C$8.89 Mil) to Dec. 2022 (C$8.41 Mil) and declined from Dec. 2022 (C$8.41 Mil) to Dec. 2023 (C$2.95 Mil).

Spectral Medical Cash And Cash Equivalents Historical Data

The historical data trend for Spectral Medical'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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Spectral Medical Cash And Cash Equivalents Chart

Spectral Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1.44

5.81

8.89

8.41

2.95

Spectral Medical Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2.52	5.03	2.95	2.07	7.54

Spectral Medical 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.

Spectral Medical (TSX:EDT) 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.

Spectral Medical Cash And Cash Equivalents Related Terms

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Spectral Medical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Spectral Medical Inc (TSX:EDT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

EDTXF:USA SD4:Germany

Address

135 - 2 The West Mall, Finance, Toronto, ON, CAN, M9C 1C2

Website

https://www.spectraldx.com

Spectral Medical Inc is focused on the development and commercialization of a treatment for septic shock utilizing its endotoxin activity assay (EAA) diagnostic and the toraymyxin therapeutic. The company also manufactures and sells proprietary reagents. The product line of the company consists of proprietary biochemical, EAA, and instrumentation. The company has one reporting segment Spectral Medical Inc. The Dialco Medical Inc. operations were considered discontinued by the company.

Executives

Anthony Phillip Bihl	Director
William Charles Stevens	Director