Ectin Research AB (XSAT:ECTIN B) Cash And Cash Equivalents : kr3.92 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Ectin Research AB Cash And Cash Equivalents?

Ectin Research AB's quarterly cash and cash equivalents declined from Sep. 2023 (kr7.88 Mil) to Dec. 2023 (kr5.84 Mil) but then stayed the same from Dec. 2023 (kr5.84 Mil) to Mar. 2024 (kr3.92 Mil).

Ectin Research AB's annual cash and cash equivalents increased from Aug. 2020 (kr3.44 Mil) to Dec. 2022 (kr13.43 Mil) but then declined from Dec. 2022 (kr13.43 Mil) to Dec. 2023 (kr5.84 Mil).

Ectin Research AB Cash And Cash Equivalents Historical Data

The historical data trend for Ectin Research AB'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.

* Premium members only.

Ectin Research AB Cash And Cash Equivalents Chart

Ectin Research AB Annual Data

Trend

Aug19

Aug20

Dec22

Dec23

Cash And Cash Equivalents

6.15

3.44

13.43

5.84

Ectin Research AB Quarterly Data
	Aug19	Aug20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial								11.75	9.86	7.88	5.84	3.92

Ectin Research AB Cash And Cash Equivalents 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.

Ectin Research AB (XSAT:ECTIN B) 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.

Ectin Research AB Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of Ectin Research AB's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

Ectin Research AB (XSAT:ECTIN B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Ectin Research AB (XSAT:ECTIN B) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pepparedsleden 1, Molndal, SWE, 431 83

Website

https://www.ectinresearch.com

Ectin Research AB is a pharmaceutical company developing a novel treatment that eliminates cancer tumors. Its drug candidate MFA-370 engages in the treatment of metastatic bladder cancer, and has also shown potential in other cancers such as breast, colorectal and prostate cancer cells.

Ectin Research AB (XSAT:ECTIN B) Headlines

No Headlines