Agrify (Agrify) Cash, Cash Equivalents, Marketable Securities : $0.43 Mil (As of Dec. 2023)

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What is Agrify Cash, Cash Equivalents, Marketable Securities?

Agrify's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($0.31 Mil) to Sep. 2023 ($0.16 Mil) but then increased from Sep. 2023 ($0.16 Mil) to Dec. 2023 ($0.43 Mil).

Agrify's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($56.56 Mil) to Dec. 2022 ($10.92 Mil) and declined from Dec. 2022 ($10.92 Mil) to Dec. 2023 ($0.43 Mil).

Agrify Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Agrify's Cash, Cash Equivalents, Marketable Securities 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.

Agrify Cash, Cash Equivalents, Marketable Securities Chart

Agrify Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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0.21

8.11

56.56

10.92

0.43

Agrify Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial														10.92	1.48	0.31	0.16	0.43

Agrify Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Agrify (NAS:AGFY) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

Agrify Cash, Cash Equivalents, Marketable Securities Related Terms

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Agrify (Agrify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Agrify Corp (NAS:AGFY) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

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Address

2468 Industrial Row Drive, Troy, MI, USA, 48084

Website

https://www.agrify.com

Agrify Corp provides hardware and software grow solutions for the indoor agriculture marketplace and provides equipment and solutions for cultivation, extraction, post-processing, and testing for the cannabis and hemp industry. The products offered by the company include Integrated Grow Racks, LED Grow Lights, Hydroponics, and Vertical Farming Units.

Executives

Brian Towns	officer: EVP - Extraction Division	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Raymond Nobu Chang	director, 10 percent owner, officer: CEO & Chairman of the BOD	C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Guichao Hua	director	C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Timothy John Hayden	officer: Chief Revenue Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Christopher J Benyo	officer: Chief Revenue Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Max Holtzman	director	76 TREBLE COVE ROAD BUILDING 3, BILLERICA MA 01862
Steve Drucker	officer: Chief Information Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
David Aaron Kessler	officer: Chief Scientific Officer	76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Leonard J Sokolow	director	REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102
Stuart Anthony Wilcox	director	1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 10178
Timothy Mahoney	director
Niv Krikov	officer: Chief Financial Officer	15 YOSEF KRONENBERG ST., REHOVOT L3 76662
Timothy Oakes	director	20 HARVARD MILL SQUARE, WAKEFIELD MA 01880
Robert Reed Harrison	officer: Chief Operating Officer	C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Thomas L Massie	director	130 NEW BOSTON STREET, WOBURN MA 01801