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WidePoint's quarterly cash and cash equivalents increased from Jun. 2023 ($7.78 Mil) to Sep. 2023 ($8.46 Mil) but then stayed the same from Sep. 2023 ($8.46 Mil) to Dec. 2023 ($6.92 Mil).
WidePoint's annual cash and cash equivalents increased from Dec. 2021 ($6.48 Mil) to Dec. 2022 ($7.53 Mil) but then declined from Dec. 2022 ($7.53 Mil) to Dec. 2023 ($6.92 Mil).
The historical data trend for WidePoint'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.
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.
WidePoint (AMEX:WYY) 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 WidePoint's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
James Bernard Rice | director | 11250 WAPLES MILL ROAD, SOUTH TOWER, SUITE 210, FAIRFAX VA 22030 |
Julia A Bowen | director | 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22012 |
Ian Sparling | officer: CEO, Soft-Ex | 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102 |
Robert J George | officer: Chief Financial Officer | |
John J Fitzgerald | director | 2000 EDMUND HALLEY DR, RESTON VA 20191 |
Jason Holloway | officer: EVP and Chief Sales and Market | C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102 |
Todd Dzyak | officer: COO | 11250 WAPLES MILL ROAD, SOUTH TOWER 210, FAIRFAX VA 22030 |
Philip N Garfinkle | director | C/O WIDEPOINT CORPORATION, 11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030 |
Jin Kang | officer: President - iSYS, LLC | 1163 DALEVIEW DRIVE, MCLEAN VA 22102 |
Otto J Guenther | director | 8611 CROSS OAKS LN, FAIRFAX STATION VA 22039 |
Richard L Todaro | director | C/O GREAT AMERICAN GROUP, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367 |
Kellie H Kim | officer: Chief Financial Officer | 11250 WAPLES MILL ROAD, SUITE 210, FAIRFAX VA 22030 |
Nokomis Capital, L.l.c. | 10 percent owner | 1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202 |
Morton S Taubman | director | 1201 FIFTEENTH STREET, N.W., SECOND FLOOR, WASHINGTON DC 20005 |
Kito Mussa | officer: Interim CFO | C/O 7926 JONES BRANCH DRIVE, SUITE 520, MCLEAN VA 22102 |
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