XTI Aerospace (XTI Aerospace) Cash, Cash Equivalents, Marketable Securities : $6.25 Mil (As of Dec. 2023)

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What is XTI Aerospace Cash, Cash Equivalents, Marketable Securities?

XTI Aerospace's quarterly cash, cash equivalents, marketable securities increased from Dec. 2021 ($4.32 Mil) to Dec. 2022 ($9.28 Mil) but then stayed the same from Dec. 2022 ($9.28 Mil) to Dec. 2023 ($6.25 Mil).

XTI Aerospace's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($4.32 Mil) to Dec. 2022 ($9.28 Mil) but then declined from Dec. 2022 ($9.28 Mil) to Dec. 2023 ($6.25 Mil).

XTI Aerospace Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for XTI Aerospace'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.

XTI Aerospace Cash, Cash Equivalents, Marketable Securities Chart

XTI Aerospace Annual Data

Trend

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

4.32

9.28

6.25

XTI Aerospace Semi-Annual Data
	Dec21	Dec22	Dec23
Cash, Cash Equivalents, Marketable Securities	4.32	9.28	6.25

XTI Aerospace 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.

XTI Aerospace (NAS:XTIA) 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.

XTI Aerospace Cash, Cash Equivalents, Marketable Securities Related Terms

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XTI Aerospace (XTI Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » XTI Aerospace Inc (NAS:XTIA) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

7625 South Peoria Street, Suite D11, Englewood, CO, USA, 80112

Website

https://www.xtiaircraft.com

XTI Aerospace Inc is a development-stage aircraft manufacturer. XTI is developing a vertical takeoff and landing (VTOL) aircraft, the TriFan 600, which is a design-stage six-passenger aircraft that it anticipates will provide point-to-point air travel over distances of up to 700 miles while significantly reducing carbon emissions per mile compared to today's gasoline-powered jet aircraft and helicopters. The TriFan 600 is expected to have a wide usage ranging from private and commercial aviation services for businesses and high-net-worth individuals to emergency medical services (EMS).

XTI Aerospace (XTI Aerospace) Headlines

From GuruFocus

XTI Aerospace to Host Business Update Presentation on March 25, 2024 to Outline the Company's Corporate Strategy

By PRNewswire • 03-20-2024