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AMCT (American Education Center) Cash And Cash Equivalents : $0.54 Mil (As of Jun. 2021)


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What is American Education Center Cash And Cash Equivalents?

American Education Center's quarterly cash and cash equivalents declined from Dec. 2020 ($0.91 Mil) to Mar. 2021 ($0.90 Mil) but then stayed the same from Mar. 2021 ($0.90 Mil) to Jun. 2021 ($0.54 Mil).

American Education Center's annual cash and cash equivalents declined from Dec. 2018 ($1.99 Mil) to Dec. 2019 ($1.04 Mil) and declined from Dec. 2019 ($1.04 Mil) to Dec. 2020 ($0.91 Mil).

American Education Center Cash And Cash Equivalents Historical Data

The historical data trend for American Education Center'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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American Education Center Cash And Cash Equivalents Chart

American Education Center Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cash And Cash Equivalents
Get a 7-Day Free Trial 2.29 2.72 1.99 1.04 0.91

American Education Center Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 0.92 0.74 0.91 0.90 0.54

American Education Center 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.

American Education Center  (OTCPK:AMCT) 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.

American Education Center Cash And Cash Equivalents Related Terms

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American Education Center Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » American Education Center Inc (OTCPK:AMCT) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
N/A
Address
1 Rockefeller Plaza, 10th Floor, New York, NY, USA, 10020
Website
https://www.aec100.com
American Education Center Inc is a United States-based company engaged in the providing of consulting services. Its Consulting services include Placement Advisory Services, Career Advisory Services, Student & Family Advisory Services, and Other Advisory Services. The company operates in two segments namely AEC New York segment and AEC BVI segment. The majority of the revenue is generated from the AEC New York segment which capitalizes middle-class families in China for quality education and works experiences in the United States( US) and delivers customized high school and college placement and career advisory services to Chinese students wishing to study in the US.