Virgin Galactic Holdings (Virgin Galactic Holdings) Cash, Cash Equivalents, Marketable Securities : $874.04 Mil (As of Dec. 2023)

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What is Virgin Galactic Holdings Cash, Cash Equivalents, Marketable Securities?

Virgin Galactic Holdings's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($940.22 Mil) to Sep. 2023 ($997.08 Mil) but then stayed the same from Sep. 2023 ($997.08 Mil) to Dec. 2023 ($874.04 Mil).

Virgin Galactic Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($603.90 Mil) to Dec. 2022 ($909.01 Mil) but then declined from Dec. 2022 ($909.01 Mil) to Dec. 2023 ($874.04 Mil).

Virgin Galactic Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Virgin Galactic Holdings'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.

Virgin Galactic Holdings Cash, Cash Equivalents, Marketable Securities Chart

Virgin Galactic Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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480.44

665.92

603.90

909.01

874.04

Virgin Galactic Holdings Quarterly Data
	Mar19	Jun19	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															909.01	833.61	940.22	997.08	874.04

Virgin Galactic Holdings 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.

Virgin Galactic Holdings (NYSE:SPCE) 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.

Virgin Galactic Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Virgin Galactic Holdings (Virgin Galactic Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Virgin Galactic Holdings Inc (NYSE:SPCE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

SPCE:Mexico 0QL:Germany

Address

1700 Flight Way, Tustin, CA, USA, 92782

Website

https://www.virgingalactic.com

Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using its technologies, it is developing a spaceflight system designed to offer its customers a unique, multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.

Executives

Arcangeli Henio R Jr	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Diana S. Strandberg	director	1700 FLIGHT WAY, TUSTIN CA 92782
Raymond E Mabus	director	C/O DANA INCORPORATED, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Aparna Chitale	officer: See Remarks	1700 FLIGHT WAY, TUSTIN CA 92782
Sarah E Kim	officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Douglas T Ahrens	officer: See Remarks	215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Michael A Colglazier	director, officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Alistair Burns	officer: See Remarks	1700 FLIGHT WAY, TUSTIN CA 92782
Michelle Kley	officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Wanda A Sigur	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Virgin Investments Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ
Craig S Kreeger	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY 1C, LAS CRUCES NM 88011
Tina W Jonas	director	C/O PASSUR AEROSPACE, INC, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Swaminathan B. Lyer	officer: See Remarks	166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Chamath Palihapitiya	director, 10 percent owner	THE SOCIAL-CAPITAL PARTNERSHIP, L.L.C., 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK CA 94025