Binovi Technologies (Binovi Technologies) Cash And Cash Equivalents : $0.67 Mil (As of Feb. 2022)

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What is Binovi Technologies Cash And Cash Equivalents?

Binovi Technologies's quarterly cash and cash equivalents increased from Aug. 2021 ($0.02 Mil) to Nov. 2021 ($0.81 Mil) but then stayed the same from Nov. 2021 ($0.81 Mil) to Feb. 2022 ($0.67 Mil).

Binovi Technologies's annual cash and cash equivalents declined from Feb. 2020 ($0.17 Mil) to Feb. 2021 ($0.09 Mil) but then increased from Feb. 2021 ($0.09 Mil) to Feb. 2022 ($0.67 Mil).

Binovi Technologies Cash And Cash Equivalents Historical Data

The historical data trend for Binovi Technologies'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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Binovi Technologies Cash And Cash Equivalents Chart

Binovi Technologies Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Cash And Cash Equivalents

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0.14

1.63

0.17

0.09

0.67

Binovi Technologies Quarterly Data
	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.09	0.01	0.02	0.81	0.67

Binovi Technologies 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.

Binovi Technologies (OTCPK:BNVIF) 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.

Binovi Technologies Cash And Cash Equivalents Related Terms

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Binovi Technologies (Binovi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Binovi Technologies Corp (OTCPK:BNVIF) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.binovi.com

Binovi Technologies Corp is engaged in the development and commercialization of visual and neuro-cognitive processing products and manufacturing hardware and software for diagnosing and remediating visual perception disorders. The company has three geographical segments; the United States, Canada, and Other. it derives a majority of its revenue from the United States.