Adicon Holdings (Adicon Holdings) Cash, Cash Equivalents, Marketable Securities : $141.5 Mil (As of Dec. 2023)

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What is Adicon Holdings Cash, Cash Equivalents, Marketable Securities?

Adicon Holdings's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 ($241.06 Mil) to Jun. 2023 ($236.66 Mil) but then stayed the same from Jun. 2023 ($236.66 Mil) to Dec. 2023 ($141.49 Mil).

Adicon Holdings's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($174.15 Mil) to Dec. 2022 ($241.06 Mil) but then declined from Dec. 2022 ($241.06 Mil) to Dec. 2023 ($141.49 Mil).

Adicon Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Adicon 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.

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Adicon Holdings Cash, Cash Equivalents, Marketable Securities Chart

Adicon Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

187.61

174.15

241.06

141.49

Adicon Holdings Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial			174.15	-	241.06	236.66	141.49

Adicon 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.

Adicon Holdings (OTCPK:ADCNF) 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.

Adicon Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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Adicon Holdings (Adicon Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Adicon Holdings Ltd (OTCPK:ADCNF) » Definitions » Cash, Cash Equivalents, Marketable Securities

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Traded in Other Exchanges

09860:Hong Kong

Address

No. 208, Zhenzhong Road, West Lake, Zhejiang, Hangzhou, CHN

Website

https://www.adicon.com.cn

Adicon Holdings Ltd is one of the top three independent clinical laboratory or ICL, service providers in China. The company offers comprehensive and best-in-class testing services primarily to hospitals and health check centers through an integrated network of 33 self-operated laboratories across China. The high quality of its services is backed by its strong performance in terms of international accreditation and comprehensive testing menu. Its testing portfolio consists of over 4,000 medical diagnostic tests, including over 1,700 routine tests and over 2,300 esoteric tests. It has three major service platforms. Among them, the inspection service platform consists of clinical, pathology, reproductive genetic, genetic, and mass spectrometry laboratories.

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