New World Solutions (XCNQ:NEWS) Cash And Cash Equivalents : C$0.06 Mil (As of Jan. 2024)

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What is New World Solutions Cash And Cash Equivalents?

New World Solutions's quarterly cash and cash equivalents increased from Jul. 2023 (C$0.06 Mil) to Oct. 2023 (C$0.20 Mil) but then stayed the same from Oct. 2023 (C$0.20 Mil) to Jan. 2024 (C$0.06 Mil).

New World Solutions's annual cash and cash equivalents declined from Apr. 2021 (C$8.80 Mil) to Apr. 2022 (C$3.65 Mil) and declined from Apr. 2022 (C$3.65 Mil) to Apr. 2023 (C$0.30 Mil).

New World Solutions Cash And Cash Equivalents Historical Data

The historical data trend for New World Solutions'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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New World Solutions Cash And Cash Equivalents Chart

New World Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash And Cash Equivalents

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0.02

0.11

8.80

3.65

0.30

New World Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															0.51	0.30	0.06	0.20	0.06

New World Solutions 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.

New World Solutions (XCNQ:NEWS) 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.

New World Solutions Cash And Cash Equivalents Related Terms

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New World Solutions (XCNQ:NEWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » New World Solutions Inc (XCNQ:NEWS) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

REGRF:USA RT5:Germany

Address

2990 Arbutus Street, 2nd Floor, Vancouver, BC, CAN, V6J 3Y9Nam

Website

https://www.graphblockchain.com

New World Solutions Inc is a blockchain development company. The company provides high-performance blockchain solutions that include graphic data analysis and consulting services, implementation of data mining analysis through the use of graph databases, and speed enhancements of blockchain control systems for businesses and governments. Its geographical segment includes Graph Canada and Graph Korea. The company's portfolio includes Babbage Mining Corp., specializing in Proof of Stake mining, enhancing its role in the expanding EV market.

Executives

Datametrex Ai Limited

10% Security Holder

New World Solutions (XCNQ:NEWS) Headlines

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