Sky and Space Co (Sky and Space Co) Cash And Cash Equivalents : $0.28 Mil (As of Dec. 2020)

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What is Sky and Space Co Cash And Cash Equivalents?

Sky and Space Co's quarterly cash and cash equivalents declined from Dec. 2019 ($1.23 Mil) to Jun. 2020 ($0.05 Mil) but then increased from Jun. 2020 ($0.05 Mil) to Dec. 2020 ($0.28 Mil).

Sky and Space Co's annual cash and cash equivalents declined from Jun. 2018 ($6.66 Mil) to Jun. 2019 ($1.34 Mil) and declined from Jun. 2019 ($1.34 Mil) to Jun. 2020 ($0.05 Mil).

Sky and Space Co Cash And Cash Equivalents Historical Data

The historical data trend for Sky and Space Co'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.

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Sky and Space Co Cash And Cash Equivalents Chart

Sky and Space Co Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Cash And Cash Equivalents

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2.85

7.52

6.66

1.34

0.05

Sky and Space Co Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Cash And Cash Equivalents	Get a 7-Day Free Trial															1.02	1.34	1.23	0.05	0.28

Sky and Space Co 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.

Sky and Space Co (GREY:BENGF) 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.

Sky and Space Co Cash And Cash Equivalents Related Terms

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Sky and Space Co (Sky and Space Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sky and Space Co Ltd (GREY:BENGF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

Barringtons House, 283 Rokeby Road, Subiaco, WA, AUS, 6008

Website

https://www.skyandspace.co

Sky and Space Co Ltd is a nano-satellite, space technology company with European and Israeli centres of aerospace, satellite and software industry experts. Its core business is to construct and operate a communications infrastructure based on nanosatellite technology and develop highly sophisticated software systems that will deploy, maintain orbit control and handle the communication network in space to provide global coverage.

Sky and Space Co (Sky and Space Co) Headlines

From GuruFocus

Sky and Space Global Commended by Frost & Sullivan for Pioneering the Deployment of Communication Nano-Satellites

By PRNewswire PRNewswire • 10-08-2018