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Zoompass Holdings (Zoompass Holdings) Cash And Cash Equivalents : $0.06 Mil (As of Dec. 2020)


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What is Zoompass Holdings Cash And Cash Equivalents?

Zoompass Holdings's quarterly cash and cash equivalents increased from Jun. 2020 ($0.07 Mil) to Sep. 2020 ($0.10 Mil) but then stayed the same from Sep. 2020 ($0.10 Mil) to Dec. 2020 ($0.06 Mil).

Zoompass Holdings's annual cash and cash equivalents declined from Dec. 2018 ($0.04 Mil) to Dec. 2019 ($0.02 Mil) but then increased from Dec. 2019 ($0.02 Mil) to Dec. 2020 ($0.06 Mil).

Zoompass Holdings Cash And Cash Equivalents Historical Data

The historical data trend for Zoompass Holdings'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.

* Premium members only.

Zoompass Holdings Cash And Cash Equivalents Chart

Zoompass Holdings Annual Data
Trend Mar15 Mar16 Dec17 Dec18 Dec19 Dec20
Cash And Cash Equivalents
Get a 7-Day Free Trial - 0.08 0.04 0.02 0.06

Zoompass Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Cash And Cash Equivalents Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.07 0.10 0.06

Zoompass Holdings 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.

Zoompass Holdings  (OTCPK:ZPAS) 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.

Zoompass Holdings Cash And Cash Equivalents Related Terms

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Zoompass Holdings (Zoompass Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Zoompass Holdings Inc (OTCPK:ZPAS) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
2455 Cawthra Road, Suite 75, Mississauga, ON, CAN, L5A3P1
Website
https://zoompass.com
Zoompass Holdings Inc is a Fintech company that develops and acquires software platforms and services. The firm offers Prepaid cards, Mobility solutions, cryptocurrency platform operations, research, development, strategical planning solutions and others. The business operating segment includes the rendering of professional services. Main Business assets consist of technology IP related to cryptocurrency exchange/wallet, certain strategic partnerships and customer contracts. Substantial revenue accrues from time basis billing for IT professional services to customers.