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Riot Platforms's quarterly cash and cash equivalents increased from Jun. 2023 ($289.18 Mil) to Sep. 2023 ($290.11 Mil) and increased from Sep. 2023 ($290.11 Mil) to Dec. 2023 ($597.17 Mil).
Riot Platforms's annual cash and cash equivalents declined from Dec. 2021 ($312.32 Mil) to Dec. 2022 ($230.33 Mil) but then increased from Dec. 2022 ($230.33 Mil) to Dec. 2023 ($597.17 Mil).
The historical data trend for Riot Platforms'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.
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.
Riot Platforms (NAS:RIOT) 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.
Thank you for viewing the detailed overview of Riot Platforms's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
William Richard Jackman | officer: General Counsel | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Hubert Marleau | director | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Jason Chung | officer: EVP, CORP DEV (SEE REMARKS) | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Lance Varro D'ambrosio | director | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Yi Soo Il Benjamin | director | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Jason Les | director | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Ryan D. Werner | officer: SVP & CAO (See Remarks) | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Hannah Cho | director | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Yee Colin M. | officer: CFO | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Chad Everett Harris | officer: Subsidiary Officer See Remarks | C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109 |
Megan M. Brooks | officer: Chief Operating Officer | C/O RIOT BLOCKCHAIN, INC., 3855 AMBROSIA STREET, STE 301, CASTLE ROCK CO 80109 |
Jefferey Mcgonegal | officer: Chief Financial Officer | 3855 AMBROSIA STREET, STE.301, CASTLE ROCK CO 80109 |
Data Ag Northern | 10 percent owner | AN DER WELLE 3, FRANKFURT AM MAIN 2M 60322 |
Lyle Joseph Theriot | officer: Subsidiary Officer See Remarks | C/O RIOT BLOCKCHAIN, INC., 3855 AMBROSIA STREET, STE. 301, CASTLE ROCK CO 80109 |
Remo Mancini | director | 6 LAIRD AVENUE SOUTH, AMHERSTBURG A6 N9V 1X5 |
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