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WiMi Hologram Cloud Cash And Cash Equivalents

: $0.00 Mil (As of Jun. 2020)
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WiMi Hologram Cloud's quarterly cash and cash equivalents declined from Jun. 2019 ($19.00 Mil) to Dec. 2019 ($18.40 Mil) but then stayed the same from Dec. 2019 ($18.40 Mil) to Jun. 2020 ($0.00 Mil).

WiMi Hologram Cloud's annual cash and cash equivalents increased from Dec. 2017 ($1.92 Mil) to Dec. 2018 ($22.07 Mil) but then declined from Dec. 2018 ($22.07 Mil) to Dec. 2019 ($18.40 Mil).

WiMi Hologram Cloud Cash And Cash Equivalents Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

WiMi Hologram Cloud Annual Data
Dec17 Dec18 Dec19
Cash And Cash Equivalents 1.92 22.07 18.40

WiMi Hologram Cloud Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Cash And Cash Equivalents Premium Member Only 0.00 22.07 19.00 18.40 0.00

WiMi Hologram Cloud 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.

WiMi Hologram Cloud  (NAS:WIMI) 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.

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