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Exact Sciences's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($734.41 Mil) to Dec. 2023 ($777.64 Mil) but then stayed the same from Dec. 2023 ($777.64 Mil) to Mar. 2024 ($652.09 Mil).
Exact Sciences's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($1,030.48 Mil) to Dec. 2022 ($632.06 Mil) but then increased from Dec. 2022 ($632.06 Mil) to Dec. 2023 ($777.64 Mil).
The historical data trend for Exact Sciences'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.
Exact Sciences Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 323.66 | 1,839.99 | 1,030.48 | 632.06 | 777.64 |
Exact Sciences Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 698.65 | 775.71 | 734.41 | 777.64 | 652.09 |
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.
Exact Sciences (NAS:EXAS) 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.
Thank you for viewing the detailed overview of Exact Sciences's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian Baranick | officer: Gen. Mgr., Precision Oncology | 441 CHARMANY DRIVE, MADISON WI 53719 |
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Timothy J Scannell | director | 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002 |
Everett Cunningham | officer: Chief Commercial Officer | C/O QUEST DIAGNOSTICS, 500 PLAZA DRIVE, SECAUCUS NJ 07094 |
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James Edward Doyle | director | 5505 ENDEAVOR LANE, MADISON WI 53719 |
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Katherine S Zanotti | director | 431 E 9TH STREET, HINSDALE IL 60521 |
Jacob A Orville | officer: General Manager, New Ventures | 5505 ENDEAVOR LANE, MADISON WI 53719 |
Kevin T Conroy | director, officer: Vice President | 5505 ENDEAVOR LANE, MADISON WI 53719 |
D Scott Coward | officer: SVP and General Counsel | 441 CHARMANY DRIVE, MADISON WI 53719 |
Paul J Clancy | director | C/O BIOGEN IDEC INC., 14 CAMBRIDGE CENTER, CAMBRIDGE MA 02142 |
Graham Peter Lidgard | officer: SVP, Chief Scientific Officer | 5505 ENDEAVOR LANE, MADISON WI 53719 |
Michael S Wyzga | director | RADIUS HEALTH, INC., 201 BROADWAY, 6TH FLOOR, CAMBRIDGE MA 02139 |
Torsten Hoof | officer: General Manager, International | 301 PENOBSCOT DRIVE, REDWOOD CITY CA 94063 |
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