WeCommerce Holdings (TSXV:WE) Cash, Cash Equivalents, Marketable Securities : C$10.95 Mil (As of Dec. 2022)

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What is WeCommerce Holdings Cash, Cash Equivalents, Marketable Securities?

WeCommerce Holdings's quarterly cash, cash equivalents, marketable securities increased from Jun. 2022 (C$10.31 Mil) to Sep. 2022 (C$10.51 Mil) and increased from Sep. 2022 (C$10.51 Mil) to Dec. 2022 (C$10.95 Mil).

WeCommerce Holdings's annual cash, cash equivalents, marketable securities declined from Dec. 2020 (C$61.19 Mil) to Dec. 2021 (C$26.12 Mil) and declined from Dec. 2021 (C$26.12 Mil) to Dec. 2022 (C$10.95 Mil).

WeCommerce Holdings Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for WeCommerce Holdings'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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WeCommerce Holdings Cash, Cash Equivalents, Marketable Securities Chart

WeCommerce Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash, Cash Equivalents, Marketable Securities

4.08

61.19

26.12

10.95

WeCommerce Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial									26.12	26.21	10.31	10.51	10.95

WeCommerce Holdings 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.

WeCommerce Holdings (TSXV:WE) 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.

WeCommerce Holdings Cash, Cash Equivalents, Marketable Securities Related Terms

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WeCommerce Holdings (TSXV:WE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WeCommerce Holdings Ltd (TSXV:WE) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

329 Howe Street, PMB 2066, Victoria, BC, CAN, V6C 3N2

Website

https://www.wecommerce.co

WeCommerce Holdings Ltd is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Stamped and Foursixty. The company's primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants. The company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. Its segments include Themes, Apps and Agency.

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