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Intchains Group (Intchains Group) Cash, Cash Equivalents, Marketable Securities : $93.16 Mil (As of Mar. 2024)


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What is Intchains Group Cash, Cash Equivalents, Marketable Securities?

Intchains Group's quarterly cash, cash equivalents, marketable securities increased from Sep. 2023 ($96.88 Mil) to Dec. 2023 ($99.21 Mil) but then stayed the same from Dec. 2023 ($99.21 Mil) to Mar. 2024 ($93.16 Mil).

Intchains Group's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($78.88 Mil) to Dec. 2022 ($102.16 Mil) but then declined from Dec. 2022 ($102.16 Mil) to Dec. 2023 ($99.21 Mil).

Intchains Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Intchains Group'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.

Intchains Group Cash, Cash Equivalents, Marketable Securities Chart

Intchains Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cash, Cash Equivalents, Marketable Securities
- 3.00 78.88 102.16 99.21

Intchains Group Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 110.61 106.44 96.88 99.21 93.16

Intchains Group 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.

Intchains Group  (NAS:ICG) 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.

Intchains Group Cash, Cash Equivalents, Marketable Securities Related Terms

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Intchains Group (Intchains Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Intchains Group Ltd (NAS:ICG) » Definitions » Cash, Cash Equivalents, Marketable Securities
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Traded in Other Exchanges
N/A
Address
No.333 Haiyang No.1 Road, 9th Floor, A Block, Lingang Science and Technology Park, Pudong New Area, Shanghai, CHN, 201306
Website
https://www.intchains.com
Intchains Group Ltd provides integrated solutions consisting of high-performance ASIC chips and ancillary software and hardware for blockchain applications. Its ASIC chips are designed for several key blockchain algorithms including Blake2bsha3, sha512MD160, Cryptonight V4, Eaglesong, and Blake2s. The company has built a proprietary technology platform named Xihe Platform, which allows the development of a wide range of ASIC chips with high efficiency and scalability. It designs its ASIC chips in-house, which enables it to leverage proprietary silicon data to deliver products reflecting the latest technological developments.