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STEER Technologies (STEER Technologies) Cash And Cash Equivalents : $0.19 Mil (As of Sep. 2023)


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What is STEER Technologies Cash And Cash Equivalents?

STEER Technologies's quarterly cash and cash equivalents declined from Mar. 2023 ($2.81 Mil) to Jun. 2023 ($0.26 Mil) but then stayed the same from Jun. 2023 ($0.26 Mil) to Sep. 2023 ($0.19 Mil).

STEER Technologies's annual cash and cash equivalents declined from Dec. 2020 ($2.90 Mil) to Dec. 2021 ($1.74 Mil) and declined from Dec. 2021 ($1.74 Mil) to Dec. 2022 ($1.52 Mil).

STEER Technologies Cash And Cash Equivalents Historical Data

The historical data trend for STEER Technologies'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.

* Premium members only.

STEER Technologies Cash And Cash Equivalents Chart

STEER Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Cash And Cash Equivalents
0.24 2.88 2.90 1.74 1.52

STEER Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.84 1.52 2.81 0.26 0.19

STEER Technologies 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.

STEER Technologies  (OTCPK:STEEF) 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.

STEER Technologies Cash And Cash Equivalents Related Terms

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STEER Technologies (STEER Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » STEER Technologies Inc (OTCPK:STEEF) » Definitions » Cash And Cash Equivalents
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Traded in Other Exchanges
H1Y:Germany STER:Canada
Address
44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8
Website
https://www.steeresg.com
STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.