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Lichen China (Lichen China) Cash, Cash Equivalents, Marketable Securities : $25.86 Mil (As of Dec. 2023)


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What is Lichen China Cash, Cash Equivalents, Marketable Securities?

Lichen China's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($22.60 Mil) to Jun. 2023 ($18.81 Mil) but then increased from Jun. 2023 ($18.81 Mil) to Dec. 2023 ($25.86 Mil).

Lichen China's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($16.85 Mil) to Dec. 2022 ($22.60 Mil) and increased from Dec. 2022 ($22.60 Mil) to Dec. 2023 ($25.86 Mil).

Lichen China Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Lichen China'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.

Lichen China Cash, Cash Equivalents, Marketable Securities Chart

Lichen China Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
8.67 16.85 22.60 25.86

Lichen China Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial 16.85 20.16 22.60 18.81 25.86

Lichen China 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.

Lichen China  (NAS:LICN) 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.

Lichen China Cash, Cash Equivalents, Marketable Securities Related Terms

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Lichen China (Lichen China) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen China Ltd (NAS:LICN) » Definitions » Cash, Cash Equivalents, Marketable Securities
Comparable Companies
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Traded in Other Exchanges
N/A
Address
888 Century Avenue Meiling Street, Tower 3, Jinjiang Wanda Plaza Commercial Complex, B2306, Block B, Fujian Province, Jinjiang, CHN, 362000
Website
https://www.lichenzx.com
Lichen China Ltd is a holding company. The company, along with its subsidiaries provides financial and taxation solution services; education support services; and software and maintenance services. The company generates Majority revenue from Financial and taxation solution services.