FintechWerx International Software Services (XCNQ:WERX) Cash, Cash Equivalents, Marketable Securities : C$0.57 Mil (As of Oct. 2023)

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What is FintechWerx International Software Services Cash, Cash Equivalents, Marketable Securities?

FintechWerx International Software Services's quarterly cash, cash equivalents, marketable securities increased from . 20 (C$0.00 Mil) to Jul. 2023 (C$0.59 Mil) but then stayed the same from Jul. 2023 (C$0.59 Mil) to Oct. 2023 (C$0.57 Mil).

FintechWerx International Software Services's annual cash, cash equivalents, marketable securities stayed the same from . 20 (C$0.00 Mil) to . 20 (C$0.00 Mil) but then increased from . 20 (C$0.00 Mil) to Apr. 2023 (C$0.73 Mil).

FintechWerx International Software Services Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for FintechWerx International Software Services's Cash, Cash Equivalents, Marketable Securities 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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FintechWerx International Software Services Cash, Cash Equivalents, Marketable Securities Chart

FintechWerx International Software Services Annual Data

Trend

Apr23

Cash, Cash Equivalents, Marketable Securities

0.73

FintechWerx International Software Services Quarterly Data
	Jul23	Oct23
Cash, Cash Equivalents, Marketable Securities	0.59	0.57

FintechWerx International Software Services Cash, Cash Equivalents, Marketable Securities 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.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

FintechWerx International Software Services (XCNQ:WERX) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

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.

FintechWerx International Software Services Cash, Cash Equivalents, Marketable Securities Related Terms

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FintechWerx International Software Services (XCNQ:WERX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FintechWerx International Software Services Inc (XCNQ:WERX) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.fintechwerx.com

FintechWerx International Software Services Inc is an e-commerce technology company. The Company is engaged in delivering enrollment, automated identity verification, payment solutions, and data management services. The FintechWerx Platform is a combination of both licensed and proprietary software together the Technology Stack that provides a single comprehensive, suite of services for small to medium sized enterprises.

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