Vita Mobile Systems (Vita Mobile Systems) Cash And Cash Equivalents : $0.00 Mil (As of . 20)

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What is Vita Mobile Systems Cash And Cash Equivalents?

Vita Mobile Systems Cash And Cash Equivalents Historical Data

The historical data trend for Vita Mobile Systems'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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Vita Mobile Systems Cash And Cash Equivalents Chart

Vita Mobile Systems Annual Data

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Vita Mobile Systems Quarterly Data

Cash And Cash Equivalents

Vita Mobile Systems 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.

Vita Mobile Systems (OTCPK:VMSI) 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.

Vita Mobile Systems Cash And Cash Equivalents Related Terms

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Vita Mobile Systems (Vita Mobile Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Vita Mobile Systems Inc (OTCPK:VMSI) » Definitions » Cash And Cash Equivalents

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Address

2640 Main Street, Irvine, CA, USA, 92614

Website

https://www.vitamobilesystems.com

Vita Mobile Systems Inc is an internet technology and marketing company. It focuses on digital imaging and technology in mobile devices. The company's application VITA is for iOS and Android smart mobile devices that will illustrate locations and current events. The application introduced the use of a camera and reorganizes the process for posting pictures and videos.

Vita Mobile Systems (Vita Mobile Systems) Headlines

From GuruFocus

Vita Mobile Systems Joins Rapidly Growing Ad Tech Industry and Adds to Advisory Team

By Marketwired Marketwired • 06-22-2018

Vita Mobile Systems Plans Uplisting to OTCQB

By Marketwired Marketwired • 08-16-2018

VITA Mobile Systems Releases CEO Letter to Shareholders on Big Data Content Library, AI Proprietary Algorithms and Acquisition Opportunities

By Marketwired Marketwired • 05-09-2018

Google Bulletin Validates Vita Mobile Systems Crowdsourced, Geolocation Mobile App VITA

By Marketwired Marketwired • 05-23-2018