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PROCEPT BioRobotics's quarterly cash and cash equivalents declined from Sep. 2023 ($287.09 Mil) to Dec. 2023 ($257.22 Mil) but then stayed the same from Dec. 2023 ($257.22 Mil) to Mar. 2024 ($225.58 Mil).
PROCEPT BioRobotics's annual cash and cash equivalents declined from Dec. 2021 ($304.32 Mil) to Dec. 2022 ($221.86 Mil) but then increased from Dec. 2022 ($221.86 Mil) to Dec. 2023 ($257.22 Mil).
The historical data trend for PROCEPT BioRobotics's Cash And Cash Equivalents 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.
PROCEPT BioRobotics Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cash And Cash Equivalents | 42.02 | 100.13 | 304.32 | 221.86 | 257.22 |
PROCEPT BioRobotics Quarterly Data | |||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 180.97 | 149.69 | 287.09 | 257.22 | 225.58 |
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.
PROCEPT BioRobotics (NAS:PRCT) Cash And Cash Equivalents Explanation
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.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Thank you for viewing the detailed overview of PROCEPT BioRobotics's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Alaleh Nouri | officer: SVP, GEN COUNSEL, CORP. SEC. | 1310 CHESAPEAKE TERRACE, SUNNYVALE CA 94089 |
Kevin Waters | officer: Senior VP, CFO | 1310 CHESAPEAKE TERRACE, SUNNYVALE CA 94089 |
Frederic H Moll | director | C/O INTUITIVE SURGICAL INC, 950 KIFER ROAD, SUNNYVALE CA 94086 |
Wood Morgan Colby | director | C/O PROCEPT BIOROBOTICS CORPORATION, 900 ISLAND DRIVE, REDWOOD CA 94065 |
Reza Zadno | director, officer: President, CEO | 2710 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Hisham Shiblaq | officer: SVP, Commercial Operations | C/O PROCEPT BIOROBOTICS CORPORATION, 900 ISLAND DRIVE, REDWOOD CITY CA 94065 |
Thomas M Krummel | director | C/O CALIFORNIA WATER SERVICE GROUP, 1720 N. FIRST STREET, SAN JOSE CA 95118 |
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Dragsa 88 Llc | 10 percent owner | 55 RAILROAD AVE, GREENWICH CT 06830 |
Rose Sharon Shabet | 10 percent owner | 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901 |
Viking Global Opportunities Illiquid Investments Sub-master Lp | 10 percent owner | 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901 |
Viking Global Opportunities Gp Llc | 10 percent owner | 55 RAILROAD AVENUE, GREENWICH CT 06830 |
Viking Global Opportunities Portfolio Gp Llc | 10 percent owner | 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901 |
David C. Ott | 10 percent owner | 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901 |
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