What is WiMi Hologram Cloud Cash, Cash Equivalents, Marketable Securities?
WiMi Hologram Cloud‘s quarterly cash, cash equivalents, marketable securities
declined
from Dec. 2022 (€82.76 Mil) to Jun. 2023 (€81.40 Mil) but then
increased
from Jun. 2023 (€81.40 Mil) to Dec. 2023 (€99.38 Mil).
WiMi Hologram Cloud‘s annual cash, cash equivalents, marketable securities
declined
from Dec. 2021 (€109.14 Mil) to Dec. 2022 (€82.76 Mil) but then
increased
from Dec. 2022 (€82.76 Mil) to Dec. 2023 (€99.38 Mil).
WiMi Hologram Cloud Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for WiMi Hologram Cloud‘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.
WiMi Hologram Cloud Cash, Cash Equivalents, Marketable Securities Chart
WiMi Hologram Cloud 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.
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.
WiMi Hologram Cloud Cash, Cash Equivalents, Marketable Securities Related Terms
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WiMi Hologram Cloud Business Description
Traded in Other Exchanges
Address
1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020
WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.
