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Origin Agritech's quarterly cash, cash equivalents, marketable securities declined from Sep. 2022 ($2.52 Mil) to Mar. 2023 ($2.09 Mil) but then increased from Mar. 2023 ($2.09 Mil) to Sep. 2023 ($3.25 Mil).
Origin Agritech's annual cash, cash equivalents, marketable securities increased from Sep. 2021 ($2.38 Mil) to Sep. 2022 ($2.52 Mil) and increased from Sep. 2022 ($2.52 Mil) to Sep. 2023 ($3.25 Mil).
The historical data trend for Origin Agritech'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.
Origin Agritech Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 0.45 | 3.30 | 2.38 | 2.52 | 3.25 |
Origin Agritech Semi-Annual Data | ||||||||||||||||||||
Mar14 | Sep14 | Mar15 | Sep15 | Mar16 | Sep16 | Mar17 | Sep17 | Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | |
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 2.38 | 1.03 | 2.52 | 2.09 | 3.25 |
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.
Origin Agritech (NAS:SEED) 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 Origin Agritech's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeff Feinberg | 10 percent owner | 20600 NORTHRIDGE ROAD, CHATSWORTH CA 91311 |
Steven Urbach | director | C/O CHARDAN CAPITAL MARKETS, LLC, 17 STATE STREET, SUITE 2575, NEW YORK NY 10004 |
Michael D Chermak | director | |
Gengchen Han | director, officer: Chairman of the Board and CEO | 21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206 |
Bailiang Zhang | director | 95 WENHUA RD., HENAN AGRICULTURAL UNIVERSITY, ZHENGZHOU F4 450002 |
Dafang Huang | director | BIOTECHNOLOGY RESEARCH INSTITUTE, 12 ZHONGGUANCUN SOUTH AVE., BEIJING F4 100081 |
Remo Richli | director | IM NEUHOF 28, EMMENBRUCKE V8 6020 |
Richard D Propper | officer: VP for Corporate Development | |
Kerry Propper | director | CHARDAN CHINA ACQUISITION CORP, 777 SOUTH HIGHWAY 101, SOLANA BEACH CA 92075 |
Yasheng Yang | director, officer: President, Treasurer, COO | 21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206 |
Liang Yuan | director, officer: Executive Vice Chairman | 21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206 |
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