GRIID Infrastructure (GRIID Infrastructure) Cash And Cash Equivalents

: $0.49 Mil (As of Sep. 2023)

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GRIID Infrastructure's quarterly cash and cash equivalents declined from Dec. 2022 ($0.65 Mil) to Jun. 2023 ($0.63 Mil) but then stayed the same from Jun. 2023 ($0.63 Mil) to Sep. 2023 ($0.49 Mil).

GRIID Infrastructure's annual cash and cash equivalents increased from Dec. 2021 ($0.29 Mil) to Dec. 2022 ($0.65 Mil) and increased from Dec. 2022 ($0.65 Mil) to Dec. 2023 ($2.85 Mil).

GRIID Infrastructure Cash And Cash Equivalents Historical Data

The historical data trend for GRIID Infrastructure'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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GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.29

0.65

2.85

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial			-	0.65	0.63	0.49	2.85

GRIID Infrastructure 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.

GRIID Infrastructure (NAS:GRDI) 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.

GRIID Infrastructure Cash And Cash Equivalents Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GRDI:Canada

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024