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WIMI (WiMi Hologram Cloud) Cash, Cash Equivalents, Marketable Securities : $160.17 Mil (As of Jun. 2024)


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What is WiMi Hologram Cloud Cash, Cash Equivalents, Marketable Securities?

WiMi Hologram Cloud's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($88.19 Mil) to Dec. 2023 ($108.38 Mil) and increased from Dec. 2023 ($108.38 Mil) to Jun. 2024 ($160.17 Mil).

WiMi Hologram Cloud's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($123.32 Mil) to Dec. 2022 ($87.67 Mil) but then increased from Dec. 2022 ($87.67 Mil) to Dec. 2023 ($108.38 Mil).


WiMi Hologram Cloud Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for WiMi Hologram Cloud'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.

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WiMi Hologram Cloud Cash, Cash Equivalents, Marketable Securities Chart

WiMi Hologram Cloud Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
Get a 7-Day Free Trial 18.40 59.32 123.32 87.67 108.38

WiMi Hologram Cloud Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash, Cash Equivalents, Marketable Securities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 110.67 87.67 88.19 108.38 160.17

WiMi Hologram Cloud 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.


WiMi Hologram Cloud  (NAS:WIMI) 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.


WiMi Hologram Cloud Cash, Cash Equivalents, Marketable Securities Related Terms

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WiMi Hologram Cloud Business Description

Industry
Traded in Other Exchanges
Address
1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020
WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.