Magnet Forensics (TSX:MAGT) Cash And Cash Equivalents : C$199.4 Mil (As of Dec. 2022)

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What is Magnet Forensics Cash And Cash Equivalents?

Magnet Forensics's quarterly cash and cash equivalents increased from Jun. 2022 (C$148.56 Mil) to Sep. 2022 (C$163.15 Mil) and increased from Sep. 2022 (C$163.15 Mil) to Dec. 2022 (C$199.45 Mil).

Magnet Forensics's annual cash and cash equivalents increased from Dec. 2020 (C$27.16 Mil) to Dec. 2021 (C$151.11 Mil) and increased from Dec. 2021 (C$151.11 Mil) to Dec. 2022 (C$199.45 Mil).

Magnet Forensics Cash And Cash Equivalents Historical Data

The historical data trend for Magnet Forensics'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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Magnet Forensics Cash And Cash Equivalents Chart

Magnet Forensics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

20.04

33.29

27.16

151.11

199.45

Magnet Forensics Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Cash And Cash Equivalents	Get a 7-Day Free Trial									151.11	148.28	148.56	163.15	199.45

Magnet Forensics 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.

Magnet Forensics (TSX:MAGT) 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.

Magnet Forensics Cash And Cash Equivalents Related Terms

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Magnet Forensics (TSX:MAGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magnet Forensics Inc (TSX:MAGT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

2220 University Avenue East, Suite 300, Waterloo, ON, CAN, N2K0A8

Website

https://www.magnetforensics.com

Magnet Forensics Inc is a developer of digital investigation software. It acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.

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